Interanual drop in property prices for January

balancing

The average price of a built property (whether new or used) fell 2.7% in January compared with the same month of 2014, according to the latest report by Spanish appraisal company TINSA More..

Prices down 30 percent since 2007

According to TINSA, house prices in Spain fell by 11.2% in July year on year.

Thus accumulate prices are down 31% from the peaks in December 2007.

Balearic and Canary Islands were the regions where the largest decreases were found in the seventh month of the year, recorded annual declines of 14%, TINSA said in its report.

They were followed by capitals and major cities that adjusted their value by 11.8% in July from the same month in 2011, and repeated the metropolitan areas with falls of 11.6%. In all three areas the cut was higher than the market average.
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The last TINSA report of 2009

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Costa del Sol property shows improvement

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Costa del Sol property valuations

By Tinsa for October are continuing to show a positive trend with year-on-year prices for Spains mediterrenean coast down just 9.9%, the best result since November 2008.

The last positive increase by TINSA was in January 2008 with average valuations along Spain Mediterreanean coast as 2537€/m2. They now stand at 2082€/m2 as of October. That means to date there has been a 17.93% decrease from its height.

As always, please note these figure refer to valuations and not actual sales prices and that these figure refer to the entire mediterranean coast and not specifically for the Costa del Sol.

TINSA October Report

Regards
Andrew Belles

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