Sales Fall by 31.8% (February) and Prices on the Coast by 34.9%
12 April 2012 @ 22:45
Property sales in Spain and property prices keep dropping in Spain. According to the National Institute of Statistics, the number of sales dropped by 31.8% in February 2012 (30.745 properties were sold) compared with February 2011.
According to the Spanish property index firm TINSA, the average price in the Spanish property market dropped by 11.5% in March 2012 compared with the same month in 2011. The last TINSA report also highlights that property prices in the Mediterranean Coast have fallen by 34.9% since the “bubble burst”. The main cities experienced a fall of 12.6% in the last year, having a total average drop of 30.8% since 2007.
Please leave a comment about this post. You don't have to be registered to leave a comment.