Spanish House Prices Continue To Fall

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Spanish house prices dropped by an annual 7% in the third quarter, following a 7.7% fall in the second quarter, the National Statistics Institute said in a report on Wednesday. Quarter-on-quarter, house prices were down 0.9%.

Prices of new houses slipped 5.6% annually, larger than the 3.9% decline seen in the second quarter. Meanwhile, the decline in prices of existing houses slowed to 8.3% from 11.2%.

Spanish house prices dropped by an annual 7% in the third quarter, following a 7.7% fall in the second quarter, the National Statistics Institute said in a report on Wednesday. (Market News Provided by RTTNews)