House prices decline slows in February

THE drop in house prices in Spain slowed in February, falling 9 percent year-on-year, compared with a 10.8 percent decline in January, an industry report showed yesterday. “But the volatile trend in prices a year ago can lead to monthly distortions,“ the report's publishers, surveyor Tinsa, said.
In Metropolitan areas, prices fell 11.1 percent year-on-year while on Spain's Mediterranean coast - which has seen massive building for foreign buyers over the last decade - prices slid 10.7 percent.