Spanish House Price Index – December 2009

January 15th, 2010

The Spanish house price index figures for December 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 - December 2009

The Tinsa property price index for December shows average prices falling by 6.6% over the last 12 months, the same rate as which prices fell in the 12 months to November. So this represents a pause in the trend towards moderating price declines. Last month we reported that, on present trends, prices will be rising again in a few months. Well, not if the latest figures have anything to do with it.

On the other hand, the price of property in the coast, where most foreigners buy holiday homes, did continue its positive trend, with prices down 7.6% over 12 months, compared to 8.9% last month. On a peak to present basis, prices have fallen the most on the coast (-20.8%).

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

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