Back to the noughties for Spanish house prices

LAST UPDATED: 5 Dec, 2012 @ 17:37
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Back to the noughties for Spanish house prices

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.

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