Spanish property prices fell by -9.7% over 12 months to the end of March, according to the latest monthly Spanish property price index published by Tinsa, one of Spain’s appraisal companies.

Coastal areas were, once again, the hardest hit, thanks to weakness in the second home market. Average prices in coastal municipalities fell by -11.5%. Next came big cities and provincial capitals, including Barcelona and Madrid, where prices dropped by -10.2% on average. House prices in the suburbs fell by -9.6%, and by -8.3% in The Balearics and The Canaries.