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.
Property prices on the coast fell 14pc in April, according to leading appraisal company Tinsa
Spanish house prices fell 12.5pc over 12 months to the end of April, according to the Tinsa House Price Index.
Prices on the coast, where most holiday-homes are located, fell 13.7pc, whilst prices on the Canary and Balearic Islands fell 12.3pc.
April saw the biggest falls in house prices in all areas since the crash began back in March 2008, when prices began falling according to Tinsa’s index.
Peak to present, prices have now fallen 30pc in general, 37pc on the coast, and 27pc on the islands.
You can see from the chart above that prices originally fell fast at the start of the crisis, but then appeared to recover as banks manipulated the market keeping prices artificially high. Now prices are accelerating down again as the banks come unstuck, in large part for failing to deal with their property problems in the first place.
Steve A says:
The British press today (23rd May) reports prices on the Med coast of Spain have fallen by 70%. It is not true of course: 37%, or even less, is nearer the mark. But no doubt some folk have discovered their property is worth only 30% of the wholly imaginary figure they were once told it was worth. Trouble with this sort of press report is that it can become a self-fullfilling prophesy.
Vladimir Vyazovoy says:
Не ясно, графики динамики цен на недвижимость Испании показывают цены зарегистрированных сделок или цены на рынке предложений недвижимости. Где можно найти данные о количестве зарегистрированных сделок (дома отдельно а квартиры отдельно) в зависимости от стоимости недвижимости. Например в диапазоне: до 50000, от 50000 до 100000, от 100000 до 200000, от 200000 до 300000, от 300000 до 400000,и более 400000 евро. Эти данные актуальны за последние 2 или 3 месяца для реальной оценки Испанского рынка недвижимости.
It is not clear, graphic dynamics of property prices in Spain show the price of registered transactions or market prices of real estate proposals. Where can I find information on the number of registered transactions (separate houses and apartments separately) depending on the value of the property. For example in the range up to 50,000, from 50,000 to 100,000, from 100,000 to 200,000, from 200,000 to 300,000, from 300,000 to 400,000 and 400,000 euros. These data are relevant for the last 2 or 3 months for a realistic assessment of the Spanish property market.
Putin says:
Valdimir, idi na xui ruskaia tvar’
Putin says:
http://www.tinsa.es/down/IMIE/2011/IMIE_09_2011.pdf
Paul Wentworth says:
Mark, your final paragraph sums the situation up very succinctly, pointing the finger at the culprits for this whole Spanish Costa’s property shambles,the Banks.
Vernon White says:
sadly this doesnt stop some stupid Agenrs / Vendors from acting like they are still doing you a favour selling to you , we have wasted more time, since Feb 2012 on trying to buy a house in Tormos, Agent told us last Sept all ready for a speedy sale, wrong, no up to date paperwork, no up to date Castrado and then threatened to put the price up if we didnt sign contract , all this while refusing to our Lawyers advice for a retention should eventual issing of Castrado throw up problems that could be costly , you couldnt make it up could you ! We told them where to go and now , for the second time incurred costs needlessly all down to less than honest Agents ( Brit as usual) steer clear of all Agents, all they want is money, dont give a flying f for clients or purchasers at all , even in this economic climate they are STILL adding 10% to the asking price , greedy and stupid parasites that deserve all thats coming, best advice to anyone who wishes to sell , sell PRIVATLEY, that way you will sell without the middleman/ woman making life difficult and onerous, plus you save 10% plus IVA and you can negotiate far easily than via an Agent, most of the time Vendors have no idea what their Agent is up to , no wonder so many sales collapse !