27/11/2014 – El Mundo
Unsubsidized dwellings continue to cheapen, not as abruptly as they used to, though, when the slump repeatedly reached 10%. Accordig to data provided by the Ministry of Public Works, Spanish home price fell by 2.6% in the third quarter of 2014 from Q3 2013. To compare, in the second quarter the depreciation showed 2.9%. Currently, a residential square meter costs 1.455,8 euros on average.
From the second quarter, the price has stagnated (down 0.2%).
Considering the age of the properties, new house price (less than 2-year old) and the value of existing units practically coincides as first lost 2.9% and the other 2.6%.
Original article: El Mundo
Translation: AURA REE
Source: AURA Real Estate Experts