A new residential property market report shows that Spanish property prices have remained broadly stable over the last 12 months.
The latest Spanish Property Insight House Price Index Tracker plots the progress of the six most-watched house price indices in Spain, and puts them all on one graph.
It used to be seven indices, but Mark Stucklin, who compiles the Index, decided to drop the Fotocasa property portal asking price index, as another asking price index published by the Idealist property portal is already featured.
All the indexes that published data in December are highlighted in yellow in the chart.
Stucklin commented: “As I always point out, the national figures are not much use to buyers and sellers who want to know what is going on in their local market segments, which can vary substantially from the national picture. They do, however, get media attention in Spain, and might influence expectations.”
As usual the Tinsa index, based on valuations, comes with a breakdown by type of area (see below). The overall index was almost unchanged +(0.2%), as were coastal areas, whilst the islands were down 0.6%., and the islands down 1.2%.