Thursday, 15 April 2010

Property Prices Continue to Recover

Spanish property prices fell by 5.3% over 12 months to the end of March, according to the property price index published monthly by Tinsa, one of Spain’s leading property valuation companies. This represents a continued improvement suggesting that the trend towards price stabilisation is still on track.

From the peak to the present-day level (prices peaked in December 2007), property prices are down 16.2% nationally, 22.5% on the Mediterranean coast, and 13.6% in the Canaries and the Balearics.

Tinsa’s figures are based on their own valuations, not actual transaction prices. Nevertheless, they are interesting in what they reveal about trends, and the valuations used by banks for mortgage lending purposes.


Average Sq.Metre Prices
National: 1,914 €/m2
Mediterranean coast: 2,006 €/m2
Balearics & Canaries: 1,625 €/m2
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Tinsa €/m2