Spanish property prices still on the slide

Despite efforts by the Spanish authorities to promote buying a property in Spain to international investors house prices continue to fall.

Across the residential sector of the Spanish property markets the average property price has plunged by almost 7.5 per cent in the year ending in September.

The biggest price falls are affecting properties in urban areas – here prices have declined by nearly 9 per cent in the last twelve months. Coastal properties, popular with holiday home owners from abroad are also still falling in value.

However some regions are seeing an upswing in both prices and the number of overseas buyers returning to buy a home in the sun. Top notch properties complete with a fantastic sea view and close to the beach with a high euro price tag are selling well and agents specializing in this type of property report rising numbers of interested international investors.