Every month the SPI House Price Index Tracker plots the progress of the six most-watched house price indices in Spain, and puts them all on one page.

As I always point out, the national figures are not much use to buyers and sellers who want to know what is going on in their local market segments, which can vary substantially from the national picture. They do, however, get media attention in Spain, and might influence expectations.

For what it is worth, the latest data from the property portal Idealista shows the biggest fall in resale asking prices in two years (-5.6% in January), whilst the notaries reported a 3.2% decline in average prices (new and resale) in November 2016. In contrast the index published by the appraisal company Tinsa based on it’s own valuations, posted an increase of 1.7%.

The Tinsa index comes with a breakdown by type of area (see below). The Mediterranean coast was down 1.3%, whilst the islands were up 2.8%.