According to the latest report from the Knight Frank real estate consultancy, the property price boom in Spain "seems to have ended." Over the second quarter of 2007, prices in Spain rose, on average, by 5.7% compared to the same period last year, significantly down on price inflation during the second quarter last year when prices rose 10.8%.

This puts Spain in sixteenth place in Knight Frank's property price inflation table behind: Latvia (37.7%), Bulgaria (27.1%), Singapore (21%), Estonia (20.2%), South Africa (15.3%), Norway (13.9%), New Zealand (10.8%), UK (10.6%), Canada (9.9%), Australia (9.2%), Hong Kong (8.8%), Lithuania (8.1%), China (7.1%), Belgium (6.6%) and Finland (6.1%).

Property prices are rising less rapidly than Spain in: Indonesia (5.2%), Austria (4.2%), Holland (3.6%), USA (3.2%), France (3.2%), Hungary (2.6%), Switzerland (1.7%), Portugal (1.3%), Ireland (0.9%) and Greece (0.3%).

While there was no price inflation in Japan, prices actually fell in Denmark (-1.3%), Sweden (-2.5%) and Germany (-6.9%).