Vendors are substantially lowering their price expectations, reveals the latest house (asking) price index from Idealista.com, a leading property portal.
Average asking prices for resale properties in the Idealista database dropped 8.2pc over 12 months to 2,179€/m2, a quarterly fall of 1.8pc.
“The latest price index from Idealista confirms a worsening in the market situation,” explains Fernando Encinar, head of research at Idealista. “The price of resale flats is falling in ever more municipalities, and the discount is getting bigger.”
Quarterly falls by autonomous region