Average price in the secondary residential real estate market in Spain has fallen by 40%, from €3,000 in April 2007 to €1746 in this October, according to ee24.com citing kyero.com. It's possible to save even more, buying a house or apartment in La Rioja (price has fallen by 51.3%), Aragon (by 46.2%) and Murcia (by 45.6%).
According to Beatriz Toribio, head of market's research department in fotocasa.es, prices will continue to fall this year and part of the next year, when are likely to reach the bottom.
The most expensive is real estate in San Sebastian, located on the coast to the north of the country (€4,290 per sq.m), and the least expensive - in Fuenzalida, near Toledo (€816 per sq.m) .
Small (up to 60 sq.m) and large (from 150 sq.m) apartments costs more - €1,977 and € 2161 per sq.m respectively. Apartments of average size are cheaper - €1,672 for flats of 60-100 sq.m and €1,762 for flats of 100-150 sq.m.