Asking prices for Spanish homes fell 9.5pc over 12 months to the end of April, according to data from Idealista.com, a leading Spanish property portal.
With Spain back in recession, and banks refusing to lend on anything but their own properties, home owners trying to sell have no alternative but to drop their prices. Judging by the ongoing collapse in sales, it looks like it hasn’t been enough.
The average resale property in Spain now has an asking prices of 1,993 €/m2, down from 2,202 €/m2 a year ago. On a monthly basis, asking prices fell 1pc in April.
Asking prices fell the most in Castilla La Mancha, Navarra , Murcia, and Extremadura, and the least in Castilla y Leon, La Rioja and Galicia.
You can read the full monthly house (asking) price index report from Idealista here (pdf in Spanish)