Property on the Canary Islands cheaper than Balearics

The Canary Islands (Tenerife, Fuerteventura and Gran Canaria – average property price of €230,333) remain significantly cheaper than the Balearic Islands (Mallorca and Menorca – average property price €402,000), according to the latest Kyero.com Spanish House Price Index.

National average property prices in Spain remain static at €250,000.

Two months on from the stock market slump average property prices in the ever popular Malaga province have not fallen as expected but in fact have risen by over 1.5% from €310,000 to €315,000.

Similarly average property prices in Alicante province have remained stable at €250,000 (same as May 07)

Average property prices in Seville have increased by €20,000 in the last month, from €160,000 in June 07 to €180,000 in July 07 yet remain 28% below the national average.