Spanish property prices fell by 10.1% over 12 months to the end of April, according to the latest monthly Spanish property price index published by Tinsa, one of Spain’s leading appraisal companies.
Coastal areas were the hardest hit, thanks to the concentration of second homes in those areas. Average prices in coastal municipalities fell by 13.5%.
Next came big cities and provincial capitals, including Barcelona and Madrid, where prices dropped by 10.3% on average.
House prices in the suburbs fell by 8.9%, and by 9.2% in The Balearics and The Canaries.
The following table shows how Tinsa’s property price index has evolved over the last 12 months, for selected regions:
