Sunday, 11 April 2010

Campo housing prices fall by 8%

(Agencies) Second hand homes in the Campo de Gibraltar area have fallen by between 7.5 and 8.1% year on year, according to the recent figures by the real estate website idealista.com, the most important such site in Spain and considered the benchmark. The figures are above the average for the whole of Andalucía (6.3%) and the province of Cádiz (6.1%). Developers, meanwhile, have dropped the prices of new homes by up to 30% compared to last year's first quarter. The  average price per square metre in the area, by municipality, is as follows:>
Tarifa                €2,866 / m2
San Roque         2,331
Los Barrios        1,927
La Línea            1,922
Algeciras           1,688
Castellar            1,608
Jimena               1,453

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