House prices in Spain fell by an annual -7.8% in the third quarter of this year, after a record -8.2% decrease in the second quarter, according to the Spanish Housing Ministry.

Quarterly, prices fell by -0.9% in Q3 from the second quarter, compared to a -1.9% drop in the second quarter from Q1.

According to private surveyors Tinsa’s data, annual property prices fell of -8.3% in September compared to a -8.9% decrease in August.