The price of property in Spain has fallen by an average of 5.6% over the last 12 months, according to the Official House Price Index from the country’s Department of Housing.

Prices fell the most in the Costa Dorada where they were down 9.1% followed by Madrid (down 8.5%) and Murcia (down 8.3%)

Only two regions reported price rises and even these were small - Property in Tenerife saw a price of 1.7%, while house-hunters searching in land-locked Extremadura in western Spain will see a small increase of 1%.

The falling prices come despite increased investment in many of the regions. Murcia, in particular is undergoing extensive regeneration, with a Paramount branded theme park being built, a new international airport being constructed at Corvera and the imminent arrival of the AVE train network extension looking set to boost the area’s economic and tourism prospects.

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Contrary to recent coverage in the press indicating that the location for Paramount's new theme park was not necessarily going to be in the region of Murcia, Viacom has announced that the project will be officially presented this week in Madrid.

The Paramount theme park in Murcia has been creating a great deal of interest among the Murcia population. Below you will find details of the various themed areas planned for the park,