Price drops per Costa
Asking prices along the Costa Azahar and Costa de la Luz have seen the biggest drop over the course of 2008, in a survey by a Spanish portal


Spanish property price monitors, Kyero.com, have attempted to establish how house prices along the Costas have been affected by the economic downturn.
* Properties for sale in Spain
By defining each costa as the strip of land within 5km of the sea, and overlaying their historical house price data, they compared asking prices in the first quarter and final quarters of 2008. While Martin Dell of Kyero allows that asking prices are unlikely to be achieved across the peninsular in this climate, it gives an indication of where buyers are more willing - or desperate - to be realistic about prices.
The Costa Azahar in Castellon and the Costa de la Luz (where the windsurfing town of Tarifa is situated) have seen the biggest drop in prices: a fall of 11% over the course of the year. Vendors are being more stubborn about asking prices along the Costa Blanca and Costa del Sol.
Price drops per Costa from Q1 to Q8 2008 Costa Azahar -11% Costa de la Luz -11% Costa Calida -8% Costa Valencia -7% Costas Garraf / Maresme -6% Costa Dorada -4% Costa Almeria -3% Costa Tropical -2% Costa Verde -2% Costa Blanca +2% Costa del Sol +5%
'Comparing absolute prices, the neighbouring costas of Almeria and Murcia offer the lowest price property on the Spanish coast at an average of € 195,000 and € 199,000 respectively,' says Mr Dell. 'At the other end of the scale, Barcelona's twin coasts of Maresme and Garraf, weigh in with an average property price of € 548,000. No doubt this premium reflects the fact that Barcelona city, totem of Spain's economic power, is situated right on the coast.'
* Properties for sale in Spain
Sign up for the Country Life Newsletter
Exquisite houses, the beauty of Nature, and how to get the most from your life, straight to your inbox.
-
Uniquely unique? The Yorkshire grain silos transformed into a home that's a symphony in glass, steel and curves
Amid the beautiful countryside of North Yorkshire, on the edge of the Castle Howard Estate, The Silos is a property for which the word 'house' simply doesn't cut it. And that's not the only way in which it's made us throw out the dictionary.
-
Polluting water executives now face up to two years in prison, but will the new laws make much of a difference?
The Government has announced that water company executives caught covering up illegal sewage spills could now be imprisoned for two years, under new laws — but many still have their doubts.