House prices continue to fall in Spain

20:18, December 16, 2010      

Email | Print | Subscribe | Comments | Forum 

Figures published Thursday show that house prices continue to fall in Spain.

The National Institute of Statistics' (INE) monthly figures show that in the third quarter of the year, house prices fell by 2.2 percent when compared with the same period in 2009.

The price of new houses is falling by a greater percent than accommodation that has previously been lived in. New houses were 2.6 percent cheaper in the third quarter, while in the second quarter of the year the fall was just 1.7 percent.

In contrast, the price of second hand accommodation fell by just 1.8 percent between July and September, while it had remained stable over the period between April and June.

These figures are published just three days after the sales figures for October showed that house sales for the month dropped below the 30,000 benchmark for only the second time in three years.

Source: Xinhua

  • Do you have anything to say?


Special Coverage
  • Focus On China
  • Shanghai World Expo 2010
Major headlines
Editor's Pick
  • Colombia hit by worst rainfall in over 50 years
  • Sandstorms hits Urumqi
  • 'Giant Christmas ornament' seen in space in time for holiday
  • Exhibition held in HK to mark 100th annivesary of 1911 Revolution
  • 2010 Top ten entertainment events in China
  • Snapshots at Asian Para Games
Most Popular
Hot Forum Dicussion