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Spanish property prices have fallen by over 50%

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Spanish property prices have fallen by over 50% - Spain - property prices


A survey conducted by the University of Pompeu Fabra in Barcelona and property firm Tecnocasa has revealed that the average price of a property in Spain has fallen by 53% since 2006.



By analysing transactions in cities including Barcelona, Madrid, Malaga, Seville and Valencia, the university report concludes that >Spanish property prices have fallen from an average of 3,500 euros per sqm in 2006 to 1,633 Euros per sqm in June this year, with 20% of that decline being recorded in the last year alone. Between June 2011 and June 2012,  property prices in Malaga have fallen by 1,352 euros per sqm to 1,140 while the price of a property in Valencia has decreased from 1,118 euros per sqm to just 881 euros per sqm.



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