The Tinsa, Spanish real estate appraiser, summed up the first quarter of 2015. A housing in Spain has fallen in price by 2.8% y-o-y and by 41.4% during the crisis (since 2007). In addition, average prices dropped to the level of 2003.
Although there are positive aspects. The rate of decline in prices has slowed a bit – in Q1 2015 the fall was only 0.4% (in comparison, in Q1 2014 – by 0.6%). In general, the stabilization observed in the province' capitals (-2.1%), the Balearic and Canary Islands (-1.7%), while the housing became cheaper a little faster in large cities (-5.3%) and small towns (-3.8% in Q1 2015).
In March 2015, the prices rose by + 0.2% in annual terms. It was observed in the category of "housing, located along the coastline of the Mediterranean Sea."