Following spanishpropertyinsight.com - Spanish house prices are still falling in most places around the
country, according to the latest local house price index, published
quarterly by the appraisal company Tinsa.
The index for the third quarter of the year shows that prices were up
in six provincial capitals, nine provinces, and three autonomous
communities, but fell everywhere else.
The average national house price kept falling as a result, down 4.3% compared to the same period last year.
The cumulative fall in Spanish house prices since the boom topped out
in Q3 2007 is now 40.3%, according to Tinsa’s valuations. That’s the
first time the peak-to-trough fall has broken through the 40% barrier.
By provincial capitals, prices rose last quarter by 3.8% in Teruel, 2.1% in Zaragoza, 1.7% in Malaga (home to the Costa del Sol), 1.6% in Pontevedra, 0.6% in Cáceres, and 0.1% in Barcelona.
At the other end of the scale prices crashed by 16% in Salamanca and 15% in Segovia, both in the region of Castilla y Leon.
House prices in the Spanish capital Madrid fell an annualised 2%,
which means a peak-to-trough decline of 48.7%. Not as bad as Barcelona
province though, where prices are down 51.2% in total.
The record for cummulative declines goes to Guadalajar, down 59.4%, ,
followed by Zaragoza (-54.4%), and Valencia (-53.2%). So in some parts
of Spain at least, house prices have more than halved since boom turned
to bust.
Article: http://www.spanishpropertyinsight.com/2014/11/05/house-prices-still-falling-regions/
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