Asking prices are down 6.1pc over 12 months to the end of Q3 according to idealista, one of Spain’s leading property portals.
On a quarterly basis, asking price barely budged, down just 0.5pc between June and September.
“Although there was a reduction in price falls during the third quarter, there are no signs to suggest a possible recovery in the market,” said Fernando Encinar, head of research at Idealista. “The medium and long term trend will continue down.”
By region, aking prices rose the most on a quarterly basis in The Canaries (+1.1pc), followed by Valencia (+1pc) and Asturias (+0.9pc). Prices fell the most in Aragon (-3pc), La Rioja (-2.5pc), and Andalucia (-1.6pc).