Spanish Property Prices Drop Further

One of the largest Spanish property portals, idealista, publishes a price index for the 3rd Trimester of 2010.

Which can be found here.

The index indicates that prices are continuing to decrease.

Although asking prices are not a representation of sale prices (especially in Spain!), the fact that vendors are willing to discount indicates the direction the Spanish Property market is generally heading.

Average asking prices fell by 2.7% over 3 months to the end of September, according Idealista, one of Spain's largest property portals.