Prices of accommodation in Spain has fallen to 2001 levels

Prices of accommodation in Spain has fallen to 2001 levels

During the year the property prices in Spain fell by 8.2%, according to ee24.com with reference to the European media. Today the square meter costs an average of €1,694. This figure has dropped below €1,700 for the first time since 2001. Since June, prices fell by 0.5%.

In different regions the prices were moving in different directions. In Alicante, for example, prices rose by 0.9% in Cuenca rose by 0.6% in Jaén by 0.5%, in La Rioja and Navarra by 0.4%.

Price reduction is most noticeable in Cordoba (-1.3%), Las Palmas (-1.2%), Toledo and Ciudad Real (-1.1%), Barcelona (-1%), Madrid and Seville (-0.7%) and Valencia (-0.9%).