Spanish house prices fell 5.3% year-on-year in March following a 5.5% drop in February, property website TINSA said Tuesday. A year ago, house prices fell 9.7%.
House prices in the capital and large cities decreased 5.4% and those in the metropolitan areas fell 5.6%. In the Mediterranean coast, prices were down 7.8%. House prices were 5.7% lower in Balearic and Canary Islands. Other municipalities showed a 4% fall.
In the first quarter, house prices dropped 1.7% compared to the previous year when prices were down 3%.
On the same day, Spain's National Statistics Institute said home sales rose 7.2% month-on-month in February, taking the annual growth to 18.7%.
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