Spanish property asking prices for previously occupied homes fell 7.4pc over 12 months to the end of November, according to Idealista.com, a leading property portal.
Resale prices are now down to an average of 2,099€/m2, compared to 2,268€/m2 a year ago.
On a monthly basis, prices fell 1.3pc compared to October, the second largest monthly fall since Idealista starting publishing this index at the start of 2010.
The only autonomous region where prices didn’t fall in November was Cantabria, on the North Coast.
Prices fell the most in the Valencia Comunity, Murcia and Catalonia.