Official Spanish House Price Index down 14pc in Q2

The biggest official fall in Spanish house prices since the crisis began.

Spanish house prices fell 14.4pc over 12 months to the end of June, according to official stats published by the National Institute of Statistics (INE). Resales fell 15.7pc and new builds 12.8pc (see graph above).  Prices will probably continue to fall at an accelerating rate for the rest of the year.

The following chart shows how house prices changed by region.

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