Spain bottom of EU house price table in Q1

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    According to data from Eurostat the price of housing in Spain fell by 12.8% year on year in the first quarter of 2013, the largest drop in the EU. The Eurozone average was -2.2% and the EU average -1.4%.

    The quarterly decrease for Spain was identical to the figure given by Eurostat for the fourth quarter of 2012 but less than last year’s third quarter (-16.1%) and its second quarter (-16%).

    When compared with the last quarter of 2012 the first quarter of 2013 showed a 5.1% fall in Spain’s property prices, again the highest in the EU. The figure for the Eurozone average was -1% and for the EU as a whole the average was -0.6%.

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