idealista publishes quarterly report... The Spanish property portal idealista.com publishes a quarterly report on the asking prices of property in the cities of Barcelona, Madrid and Valencia. Property asking price movements in Spain’s 3 largest cities are an important indicator of market sentiments, and a barometer for the overall market. According to Idealista’s figures, property prices in the last quarter rose by just 0.1% in Madrid, fell by 1.3% in Barcelona, and rose by 1.2% in Valencia, where prices still rising due to the America’s Cup, and the Formula 1 announcement. These figures are the worst on record from Idealista for Barcelona and Madrid, and provide further evidence of a substantial slowdown in the Spanish property market. |