Spanish House Price Index – September 2009

October 14th, 2009

The Spanish house price index figures for September 2009 have just been released. See the graph and the table below for an up to date overview of the real estate market trend in Spain.

Spanish House Price Index - September 2009

Residential Spanish property prices fell by 8.3% over 12 months to the end of September. Nationally, prices are not falling as fast as they were, which may mean the market has touched bottom. It certainly looks that way from the graph above.

Then again, this might just be a temporary pause before prices start accelerating downwards again. After all, that’s what has happened to property prices on the coast. After stabilising in July and August they lurched lower again in September, falling 11.5% over 12 months, the highest fall of all the regions analysed.

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.

Related posts:

  1. Spanish House Price Index – September 2010
  2. Spanish House Price Index – October 2009
  3. Spanish House Price Index – November 2009
  4. Spanish House Price Index – December 2009
  5. Spanish House Price Index – August 2009

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