A new index of property prices is to be launched in Spain, it has been announced.

In Spain, property prices have been falling of late but the accuracy of figures has been questioned, leading to the decision to introduce a new quarterly index to complement the existing housing ministry figures, reports Reuters.

Run by Spain’s Statistics Institute, the new index could be published on a monthly basis along with European Union–harmonised inflation figures, the body said.

While this decision is in response to concerns that the fall in prices is not being recorded accurately enough, for investors in Costa Blanca property or Costa del Sol property the provision of more reliable figures may also help those looking for hotspots and also emerging trends of recovery when the markets move into their next phase.

Those investing in the Costa del Sol property can presently take advantage of a wide range of choice due to the present surplus, spanishhotproperties.com has stated.

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