House prices continue to tumble across Spain with average values down almost 33 per cent since the start of the financial meltdown in 2007, with the latest figures for September showing a year on year decrease of 11.6 per cent.
The Canary Islands have fared a little better than many parts of the country with prices down 28.6 over the same period, little comfort for those who have seen the value of their homes fall by almost a third since the heady days of December 2007.
As bad as the situation in the Canary Islands is, it is dwarfed by some areas of the Mediterranean coast, which have seen values plummet by more than 40 per cent.
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