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Spanish Property Market Growing Again

The bust is dead, the Spanish property market’s recovery has begun! That’s how some leading daily papers like El Pais are interpreting the latest figures from the National Institute of Statistics (INE) showing the market grew ever so slightly in January. Well, I wouldn’t try to claim a vigorous recovery is underway, but there’s no denying the market appears to have found a floor, which is an improvement on the 2 years plus of monthly declines we had before.

So what happened? Well, fig… full article

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Spanish House Price Index - February 2010

Month-Year Spain Coastal Inland
02-2009
03-2009
04-2009
05-2009
06-2009
07-2009
08-2009
09-2009
10-2009
11-2009
12-2009
01-2010
02-2010
-9.0
-9.7
-10.1
-9.8
-10.1
-9.2
-8.9
-8.3
-7.4
-6.6
-6.6
-5.5
-5.5
-10.7
-11.5
-13.5
-12.8
-12.3
-10.9
-10.3
-11.5
-9.9
-8.9
-7.6
-7.1
-8.2
-7.9
-8.9
-8.9
-8.7
-9.8
-8.3
-8.7
-7.7
-5.8
-6.2
-6.8
-3.6
-3.8

The graph and table data represent the year-on-year evolution of Spanish property values. For example, if the value for August 2009 would be -3.9, then this means that average property prices in August 2009 are 3.9% lower than they were a year earlier, in August 2008.

The graph and table on this page contain up to date information for the past 13 months. For more information, please look at earlier monthly reports, or the historical overview since January 2001.

The graph and table data are based on actual property valuations, as established by one of Spain's larget independent property valuation companies, Tinsa S.A. They are not based on asking prices or registered selling prices, nor on the statistics as provided by the Spanish Ministry of Housing, and are therefore considered to be the most acurate and reliable source for this kind of information.

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