Tinsa Spanish House Price Index March 2009
April 15th, 2009
The eagerly awaited March Spanish house price index from Tinsa is, unfortunately, not good news.
You can download the latest three page Spanish and English guide here.
After analysing last month’s report, we commented “Comparing January 2009 with January 2008, the index (and therefore house prices) had decreased by 10%. The glimmer of hope contained in the Tinsa index for February 2009 shows this rate of decline slowing to 9%. Hardly cause for celebration yet – but let’s face it, any good news is welcome at the moment. Many people, including myself, will be eagerly awaiting the first Tuesday of April to see if that trend continues in the March edition of the Tinsa index.”
The March edition of the Tinsa report shows their index decreasing by 9.7% – more than in February, but less than in January – by a whisker.
Basically, these numbers show nothing – other than the Tinsa index, and therefore property prices in Spain have been dropping by around 10% Y-O-Y for the past three months.
There’s no sign of a recovery in the Spanish property market in this month’s Tinsa index.
Related Posts
- 2008 Spanish House Price Index
- New Spanish House Price Index Q2, 2008
- New 'Official' House Price Index in Spain
