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Spanish Real Estate News & Lifestyle

Decline in Spanish Property Prices Slowing
Norwegian, Chinese and Middle East Buyers are taking advantage of the current situation...
Spanish property prices are starting to register smaller falls, according to new figures from Tinsa IMIE General Index ( Major Property Valuation Company in Spain).

On average prices fell by 10.8 per cent in June compared to last year - a smaller decrease than the 11.1 per cent annual drop in May.

And while house prices in the major Spanish cities continued to drop, the Balearic and Canary Islands again proved the most resistant markets to the negative trends: house prices there fell by a far less severe 6.8 per cent year-on-year in June.

Property in Murcia also registered smaller price drops of 13.3 per cent, an improvement upon Mays 14.1 per cent annual decline.

Commenting on the increasing popularity of Spanish property, Estate Agency said, We have seen a great increase from investors because of the regions wonderful unspoiled beaches as well as the ongoing developments in the area.

The upgraded International Airport in Malaga has seen an increase in the number of flights and passengers, making accessibility to this area better than it has ever been before, effectively creating a new property market for investors."

Source: APITS

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