The recently published Tinsa IMIE General and Large Markets Index for January 2015, indicates that the average price of new and resale housing stood at 2.7% below the level of January 2014. The year-on-year decline of less than 3% is the first one registered on the General Index since June 2008.
The data confirms that the residential housing market is beginning to stabilise. The property market in Spain has seen some considerable consolidation during 2013 when the average price of property in Spain dropped by some 9.2%. A vast improvement was seen in 2014 when the decline in house prices consolidated to around 3%.
Tinsa reports that property prices in Spain have declined by 41.6% since the property price crash in 2007.
Filed under: http://www.theleader.info/article/46395/
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