PROPERTY in Spain costs roughly the same as it did in 2002, according to figures from the Department of Housing.

The average value of property has dropped by 9.5% since 2011.

Coastal areas have been hit hardest by the decrease in a decade that saw a rise of 37% at its peak.

The price slump, a result of the current economic crisis, has however opened the market to many people who could not previously afford to buy property in Spain.