Posts Tagged ‘House price index’

 

September 17th, 2009

The Spanish house price index figures for August 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 August 2009 (C) Montes de Malaga Real Estate

Spain Coastal Inland
08-2008

09-2008

10-2008

11-2008

12-2008

01-2009

02-2009

03-2009

04-2009

05-2009

06-2009

07-2009

08-2009

-4.6

-4.9

-6.5

-7.8

-8.8

-10.1

-9.0

-9.7

-10.1

-9.8

-10.1

-9.2

-8.9

-8.3

-5.3

-8.9

-8.5

-14.3

-12.6

-10.7

-11.5

-13.5

-12.8

-12.3

-10.9

-10.3

-1.0

-1.7

-5.3

-6.3

-6.6

-10.0

-7.9

-8.9

-8.9

-8.7

-9.8

-8.3

-8.7

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August 17th, 2009

The Spanish house price index figures for July 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 July 2009 (C) Montes de Malaga Real Estate

Spain Coastal Inland
07-2008

08-2008

09-2008

10-2008

11-2008

12-2008

01-2009

02-2009

03-2009

04-2009

05-2009

06-2009

07-2009

-3.9

-4.6

-4.9

-6.5

-7.8

-8.8

-10.1

-9.0

-9.7

-10.1

-9.8

-10.1

-9.2

-6.2

-8.3

-5.3

-8.9

-8.5

-14.3

-12.6

-10.7

-11.5

-13.5

-12.8

-12.3

-10.9

-3.1

-1.0

-1.7

-5.3

-6.3

-6.6

-10.0

-7.9

-8.9

-8.9

-8.7

-9.8

-8.3

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July 16th, 2009

The Spanish house price index figures for June 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 June 2009 (C) Montes de Malaga Real Estate

Spain Coastal Inland
06-2008

07-2008

08-2008

09-2008

10-2008

11-2008

12-2008

01-2009

02-2009

03-2009

04-2009

05-2009

06-2009

-2.5

-3.9

-4.6

-4.9

-6.5

-7.8

-8.8

-10.1

-9.0

-9.7

-10.1

-9.8

-10.1

-3.0

-6.2

-8.3

-5.3

-8.9

-8.5

-14.3

-12.6

-10.7

-11.5

-13.5

-12.8

-12.3

-0.5

-3.1

-1.0

-1.7

-5.3

-6.3

-6.6

-10.0

-7.9

-8.9

-8.9

-8.7

-9.8

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June 9th, 2009

The Spanish house price index figures for May 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 May 2009 (C) Montes de Malaga Real Estate

Spain Coastal Inland
05-2008

06-2008

07-2008

08-2008

09-2008

10-2008

11-2008

12-2008

01-2009

02-2009

03-2009

04-2009

05-2009

-2.0

-2.5

-3.9

-4.6

-4.9

-6.5

-7.8

-8.8

-10.1

-9.0

-9.7

-10.1

-9.8

-3.2

-3.0

-6.2

-8.3

-5.3

-8.9

-8.5

-14.3

-12.6

-10.7

-11.5

-13.5

-12.8

-0.7

-0.5

-3.1

-1.0

-1.7

-5.3

-6.3

-6.6

-10.0

-7.9

-8.9

-8.9

-8.7

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May 13th, 2009

The Spanish house price index figures for April 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 April 2009 (C) Montes de Malaga Real Estate

  Spain Coastal Inland
04-2008

05-2008

06-2008

07-2008

08-2008

09-2008

10-2008

11-2008

12-2008

01-2009

02-2009

03-2009

04-2009

-0.6

-2.0

-2.5

-3.9

-4.6

-4.9

-6.5

-7.8

-8.8

-10.1

-9.0

-9.7

-10.1

-1.2

-3.2

-3.0

-6.2

-8.3

-5.3

-8.9

-8.5

-14.3

-12.6

-10.7

-11.5

-13.5

2.0

-0.7

-0.5

-3.1

-1.0

-1.7

-5.3

-6.3

-6.6

-10.0

-7.9

-8.9

-8.9

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April 21st, 2009

House prices in Spain fell 6.8 percent in the March quarter, compared with the same period in 2008. On a quarter-on-quarter basis prices declined by 3 percent — the fourth consecutive fall and the biggest yet.

House Price Index March 2009

House Price Index March 2009

Credit Suisse analysts said supply and demand were out of kilter, with one in six people out of work and 1.5 to 2 million houses sitting unsold. The average Spanish home costs 7.2-times the average household’s annual income, against 4.6-times in Britain and 3-times in the United States, the bank said.

‘Unemployment is fast increasing and that is a leading indicator of future delinquencies in the banking sector and potential declines in house prices,’ the Swiss bank said in a note after the figures were published.

Most industry experts say government data underplays price declines in the Spanish property market, which saw a 39 percent fall in the volume of sales in January, year on year.

However, to put Spain’s price drop of 6.8 percent in perspective, house prices in Ireland, whose housing boom is most frequently compared with Spain’s, fell 9.7 percent year on year in February — the 24th consecutive month. In the UK, prices had dropped 12.3 percent over the same period.

‘I think we are all aware that prices had not adjusted to their true value. This tendency shows the adjustment,’ Anunciacion Romero, housing ministry director general told journalists. She declined to say were prices would go from here.

A recent Reuters housing poll of Spanish and foreign-based economists found that on average prices were expected to fall 32 percent from their 2007 peak.

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