A director of estate agents Knight Frank in Spain points out that the property market is made up of different segments, some of which are doing better than others.

“There are homes on the coast you practically can’t give away, whilst in Madrid, for example, the correction in house prices is almost over,” That was Alberto Prieto, a director of Knight Frank in Spain, in a recent interview with the Spanish business paper Expansión.

He goes onto say that prices overall will continue trending down, whilst transactions head up, especially in Madrid, Barcelona, and regional capitals in the north.