House prices in Spain fell at a slower pace between April and June compared compared to the preceding three months, official figures show.
The Ministry of Housing said its house price index slid 3.6% year-on-year in the June quarter, following a 4.5% fall in the March quarter. House prices have been declining since the final quarter of 2008, when Spain's construction bubble collapsed.
House prices slid across the country, with the Canary Islands, Valencia, Aragon, Navarra, Andalusia, the Balearic Islands, Madrid and the Basque Country recording the sharpest falls. Home prices increased in Asturias, Galicia, Castilla-La Mancha, Extremadura and Cantabria.
On a quarterly basis, house prices slid 0.9% in the June quarter. The largest quarterly falls were recorded in Navarra, the Canary Islands, Cantabria and Madrid.
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