What is going on with the prices?

Although I have been writing articles recently about the fact that the prices in Marbella seemed to have reached the bottom, the statistics of the third quarter of 2013 do not show that same tendency. We can see again that the index is going down in Marbella and that is falling even deeply in Estepona. In fact, the price index is the lowest since the start of the crisis at the end of 2007.

I have been thinking on an explanation for that, drops in prices and increases in the number of transactions, and the fact may be more simple than what I considered: prices are going down because sellers are negotiating down to be able to close operations. We will have soon the data from the last quarter of 2013 and we will see how the tendency follows.