The Spanish Property Market continues it's downward trend for the third concurrent year.
The properties leading the downward trends are those situated in the larger towns and cities and those situated on the Mediterranean costas.
TINSA estimate that prices have seen a year on year fall of 3.9%, with Mediterranean Properties dropping by an estimated 6.8%
The tinsa index can be downloaded here:
TINSA December 2010
2011 is likely to see the banks reprice much of their repossesed stock of property, meaning that prices are likely to continue to fall.
So in the mean time the genral advice is to rent until you find a bargain.
It's possible to rent a three bedroom two bathroon town house in the Port of Mazarron for as little as 500 euros per month
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