The cost of Spain’s property fell by 15.2% in the third quarter of 2012 compared to the same period of 2011, which is the largest decline in prices of all the countries of the European Union (EU), which recorded decline in the value of housing an average of 1.9%, reported kyero.com with reference to the European statistical office Eurostat.
Annual growth in housing prices was recorded in Estonia (8.4%), Luxembourg (+7.1%) and Finland (+2.1%), while the largest decrease was in Spain (-15.2%), Ireland (-9.6%), the Netherlands (-8.7%) and Portugal (-7.7%).