Official House Price Index: -5.6pc in Q3

Spanish house prices fell 5.6pc over 12 months to the end of Q3, according to the Official House Price Index from the Department of Housing.

Prices fell the most (-9.1pc) in Tarragona province (home to the Costa Dorada), followed by Madrid (-8.5pc) and Murcia (-8.3pc).

Prices rose in just 2 regions: Tenerife (Canary Islands) +1.7pc, and Extremadura +1pc.

In real terms (after adjusting for inflation of 3.1pc over the same period), house prices have fallen 8.7pc in a year.

The following table summarises the data for selected regions.

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