According to the official Spanish Estate Markets Index made by TINSA there was a fall of 9.7% compared with the same month in 2008, showing 0.7% more than the preceding month where they fell by 9%.
The value of home properties on the Mediterranean coast dropped 11.5% while the major towns showed a drop of 10.2% by the end of the first trimester. Below that 9.7% figure, the value of home properties in metropolitan areas fell 9.6%. Meanwhile in other towns the value fell by 8.9% while the drop was 8.3% in the Balearic and Canary Islands.
Focusing on the accumulated falls of each sub index peak, it is worth mentioning the Mediterranean coast with a fall of 16%, as well as metropolitan towns with a fall of 12.6% and large towns reaching 12.3%.
