Independent and accurate property prices in Spain

The eagerly awaited March Spanish house price index from Tinsa is, unfortunately, not good news.

You can download the latest three page Spanish and English guide here.

After analysing last month's report, we commented "Comparing January 2009 with January 2008, the index (and therefore house prices) had decreased by 10%. The glimmer of hope contained in the Tinsa index for February 2009 shows this rate of decline slowing to 9%. Hardly cause for celebration yet - but let's face it, any good news is welcome at the moment. Many people, including myself, will be eagerly awaiting the first Tuesday of April to see if that trend continues in the March edition of the Tinsa index."

The March edition of the Tinsa report shows their index decreasing by 9.7% - more than in February, but less than in January - by a whisker.

Basically, these numbers show nothing - other than the Tinsa index, and therefore property prices in Spain have been dropping by around 10% Y-O-Y for the past three months.

There's no sign of a recovery in the Spanish property market in this month's Tinsa index.

Winner of the 2008 & 2007 CNBC award for Best Property Portal Spain and 2007 Best International Property Portal, Kyero.com is the leading web site connecting buyers and sellers of Spanish property. Featuring 100,000 properties from 1,500 estate agents, Kyero.com is privately owned and based in southern Spain.

Kyero.com was the first dedicated Spanish property portal to join the Association of International Property Professionals (AIPP), a consumer association setting standards and protecting buyers of overseas property.

Each quarter Kyero.com collates pricing information from thousands of properties to produce the Spanish House Price Index