Prices for property in Spain back to rates of 2006

In a period from November 2007 to November 2008 the property’s prices in Spain decreased on 7,8%. For the moment the prices for Spain property is back to the level of 2006.

If compare with rate which was reached on December 2007, when it was a top of Spain property, fall was huge – for 11 months prices fell on 8,8%

The biggest fall was in coast regions – 8,5% for the last 12 months. Prices for property on Balearic Islands and Canary Islands fell on 8,4%, what increased on 3% the rate of previous months.