The average price of resale property in Spain fell by 1.52% over the summer months, according to a price index published by the Spanish property portal Facilisimo.com.
The Facilisimo.com price index is based on a sample of 100,000 resale properties listed for sale in the company’s database. The company does not clarify whether its index is based on sale prices or asking prices, but it is safe to assume it is the latter.
Facilisim.com also reveals that the prices they track fell by 5.15% over 8 months to the end of August, and by 6.74% over 12 months to the end of July.
Average prices fell by 1.04% in May, 0.67% in June, and 0.38% in July, suggesting that prices falls were starting to slow. In August, however, prices fell by 0.43%, which may mean that prices have started to accelerate downwards again.
(Asking) prices fell the most over this summer in the Balearics (-7.52%), Murcia (-2.68%), and Castilla-La Mancha (-2.51%), followed by Aragon (-2.43%), Castilla y Leon (-2.24%), Madrid (-1.81%), Catalonia (-1.57%), the Valencian Region (-1.53%), Navarra (-1.45%), the Canaries (-0.98%), Andalucia (-0.87%), Asturias (-0.21%), and the Basque Country (-011%). Prices increased over the period in only 3 regions: Galicia (+0.98%), Extremadura (+0.93%), and Cantabria (+0.25%).