Spain Español English Russian
Online dating
  Login or Register
Menu
· Home
· Downloads
· Links
· News
· PDA
· Search
· Spain
· Stories Archive
· Top
· Topics
 
Advertising

Bride.Ru

 
Spanish property prices fall 3.9% over 12 months to end of July
Real EstateAverage Spanish property prices have fallen by 3.9% over 12 months to the end of July, according to the latest Spanish property price index published by Tinsa, one of Spain’s largest appraisal companies. Spanish property prices tracked by Tinsa have now fallen for 5 consecutive months.

Homes on the Mediterranean coast were the hardest hit by price declines, with average prices in coastal areas falling by 6.2%. The Canaries and the Balearics did better than coastal areas on the mainland, with prices down by just 2.8%.



Property prices in Spain’s provincial capitals fell by 4%, and by 4.7% in other urban areas.

Tinsa’s figures are based on its own valuations, rather than actual transaction prices, so it is not a true guide to market prices. That said, Tinsa’s figures do a better job of reflecting reality than the Ministry of Housing’s, which still show Spanish property prices rising. In reality, prices in coastal areas are probably down by around 20% compared to last year.

spanishpropertyinsight.com, 13.08.08

Posted on Tuesday, March 12 @ 03:07:44 CET by Spain
 
Related Links
· More about Real Estate
· News by Spain


Most read story about Real Estate:
Boom turns to bust for adventurous architecture in Spain as slump bites

 
Article Rating
Average Score: 0
Votes: 0

Please take a second and vote for this article:

Excellent
Very Good
Good
Regular
Bad

 
Options

 Printer Friendly Printer Friendly

 
Associated Topics

Real Estate

The comments are owned by the poster. We aren't responsible for their content.

No Comments Allowed for Anonymous, please register
Bride.Ru
Partners RSS
Web site engine code is Copyright by PHP-Nuke
Page Generation: 0.59 Seconds
The Russian localization - project Rus-PhpNuke.com