Spanish House Price Index – November 2009

December 13th, 2009

The Spanish house price index figures for November 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 - November 2009

As can be seen from the chart, price falls stabilised at around 10% in the first half of the year, and started shrinking from July onwards. On present trends prices will be rising again within a few months. Even the price of property on the coast is falling at a slower rate, narrowing to -8.9% in November, just above what it was a year ago (-8.5%). Coastal property prices have been hit the hardest thanks to the surplus of holiday homes for which there is little market in a recession.

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

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