Spanish Property News

Tinsa, the leading valuation company in Spain, release a monthly House Price Index, and this is seen as the best indicator we currently have of house price trends in Spain.

The indication that the decline in Spanish Property prices has bottomed out has been reinforced by the latest Tinsa index. In June we saw that the Tinsa House Price Index was indicating a static monhtly decline in property prices of approximately 10% year on year. August 2009's Tina House Price Index once again shows a year on year decline of approximately 10%.

How does this translate to prices on the ground on the Costa Calida? New build property prices have certainly remained static over the last few months, as have the prices of resales owned by those that are not in a rush to sell. Where we are seeing those elusive 10%+ reductions are from those owners who need to sell quickly, or with developers who have a few key ready properties left on a new development. As you can imagine these properties come and go quickly - so if you want to to know what bargains are available right now do contact us.

Labels: Costa Calida Property, Murcia Property Prices, Spanish Property Prices