Property portal Facilisimo says asking prices rose in November, Idealista says they fell
First of all the news from Facilismo.com that between October and November, vendors put up their asking prices by an average of 0.05%, the first time Facilisimo’s asking price index has increased since June 2007, bringing to an end 40 months of monthly price declines.
Compared to November last year, asking prices were still down 4.2pc, but that is the lowest annualised decline this year.
Asking prices rose month-to-month in eight regions lead by Galicia (+3.46pc), Cantabria (+2.73pc) and Murcia (+1.19pc), and declined in eight regions lead by Navarre (-1.32pc), Aragon (-0.34pc), and The Valencian Community (-0..24pc).
“The end of mortgage tax relief and the almost total lack of new construction means that price declines are coming to an end,” explains Juanra Doral, head of Facilisimo.com. “Despite the government urging vendors to lower their prices, the majority will only do so if they really have to, preferring to maintain the present minimum value.”
Asking prices down in November say Idealista
But according to Idealista.com, another big Spanish property portal, (resale) asking prices fell 1.2pc in November compared to the previous month.
Prices fell in 14 regions, compared to 11 the previous month, and at an increasing rate. Asking prices rose a fraction in just 2 regions; Extremadura and Asturias, didn’t change in Andalucia, and fell the most in The Canaries (-2.4pc) and The Valencian Region (-1.4pc).
Unhelpfully, Idealista do not provide annualised price change figures.