Figures released today by Tinsa show property prices in Spain are continuing to fall registering a decline of 11.2% since July 2011.
The IMIE General index registered a year-on-year decline of 11.2% in July, pushing the index down to 1577 points. The cumulative decline in house prices since the market peaked in December 2007 is 31%.
http://realestatemarbella.wordpress.com/2012/08/14/spanish-property-prices-decline-11-2/