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The fall of Spanish’s properties prices

The fall of Spanish’s properties prices

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The price of Spanish’s properties has been growing by 18% in February 2004, according to a report by property consultant “Tinsa”, the price of properties in Spain will continue falling during next months.

According to the report, the areas with the highest decrease in prices have been the Mediterranean coast and the Balearic and Canary Islands where prices fell 11% last month.

The less affected areas by falling prices have been the major capitals which have fallen about only 6% and that recovery is expected in 2014.

All of this can that summed up the price of properties in Spain has fallen from December 2007 to February 2014 by 40.5 %.

This price drop is the main reason why many investors from different countries are investing in property in Spain, so it is expected that properties prices will rise again in coming years.

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