House price growth slowing down in Spain

Although generally the housing market is perceived as recovering well there are signs of growth slowing, according to the latest figures published. The data from latest index property appraisers, Tinsa, also shows that the average price of a property in Spain is still down 41.4% since 2007. However, the national figures hide signs of real growth in some sectors and locations. On the Mediterranean coast prices increased by 1.6% and metropolitan areas saw smaller growth at 0.7% Beatriz Toribio, head of research at Fotocasa, believes that house prices will continue to grow in different directions during 2016. “Whilst in some areas of the country prices are stabilizing or even rising, in others they continue to fall hard. This is the consequence of the crisis the sector has lived through, which has left a market of two or more speeds,” she explained.