House prices continue to fall

The average price of housing fell by 6.9% in October compared to the same month last year, according to Tasaciones Inmobiliarias (Tinsa).

Accumulated figures show that house prices have fallen by an average of 23.7% since the peak of the housing boom in 2007.

Along the Mediterranean coast the accumulated fall is 30.1%, in capitals and major cities 25.9% and in metropolitan areas 24.4%. The October fall in average price is considered moderate compared to September when the figure was 7.5%.

So far this year, the fall in average price compared to the same month in 2010 has been:

January: 5%
February: 4.5%
March: 3.7%
April: 4.4%
May: 5.9%
June: 6.6%
July: 6.4%
August: 6.8%
September: 7.4%
October: 6.9%

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: