Monday, 6 April 2009

Resale property prices on the Costa del Sol have fallen by upto 20% in some areas, and Mijas down 18.6%, Manilva down 20.7%, Estepona down 17.5%.

Resale property prices on the Costa del Sol have fallen by upto 20% in some areas, and Mijas down 18.6%, Manilva down 20.7%, Estepona down 17.5%, and Torrox down 17%, are all in the list of the top 20 towns in Spain to see the largest reductions in price.Arteixo in A Coruña and San Pedro del Pinatar in Murcia are the places where house prices have fallen the most, by 23.4% and 22%.Marbella and Málaga remain among the most expensive places to purchase property across the country. In Málaga the average price per square metre is now 2,287 €, down 10.4% on a year ago, and that places Málaga in a list of nine provinces where the fall in price has reached double digits. The others are Navarra, Almería, Ciudad Real, Zaragoza, Lugo, Valencia, Toledo and Tarragona.The data comes from Fotocasa and the IESE.

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