The rate of decline in Spanish property prices continues slowing down, according to this month’s Tinsa index.
On an annualised basis, prices were down 3.6pc in general, 4.7pc on the coast, and 5.5pc on the islands, say Tinsa, one of Spain’s leading appraisal companies.
After the latest declines, prices on the coast are now down 24.4pc at 1,959 €/m2 compared to their December 2007 peak of 2,590 €/m2.
On the other hand, prices on the coast rose by almost 2pc in November compared to the previous month, if Tinsa’s figures are to be believed. I find that difficult to believe.