This is a website for buyers, owners, and sellers of property in Spain, offering reliable information and resources to help you get things done with confidence. It is run by Mark Stücklin, author of the Spanish Property Doctor Column in The Sunday Times (2005-2008), and the book ‘Need to Know: Buying Property in Spain’ published by Collins.
After improving all last year, house price declines have started to accelerate again, show the latest figures from the Government (Fomento).
Average house prices fell to 985.5 €/m2, down by 4.7pc compared to 12 months ago. After inflation, real house prices were down 8.3pc.
Prices tumbled in Madrid (-8.9pc) and Malaga, home to the Costa del Sol (-8pc).
Average prices are now down 15.4pc since their peak, -22pc in Malaga, and -21pc in Alicante (Costa Blanca), but up 91pc over 10 years.
Recent interest rate rises are likely to put further downward pressure on prices.
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