The valuator company Tinsa has reported that property prices in Spain went down in january again and are 5% cheaper than a year ago in average terms.

The adjustment in the mediterranean coast is even higher, -8,4% in the last twelve months, which means that the prices of the properties in the mediterranean coast has been reduced by 27,2% since the maximum achieved at the end of 2007.

A holiday home in the mediterranean coast is today as expensive as it was by 2004.