Spanish House Price Index – October 2009

November 27th, 2009

The Spanish house price index figures for October 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 - October 2009

Residential Spanish property prices fell by 7.4% over 12 months to the end of October. 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.

This seems especially true for inland property. Prices are down 5.8% compared to a year ago, which is a better performance than we see in some Northern European markets. It’s certainly the smalles price drop in a year, and the lowest fall of all the regions analysed. Of course it’s still early days, but inland property prices may actually start to rise slightly again in the first quarter of 2010.

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

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