Spanish house prices rise for the first time since the start of the crisis
Properties sold for 0.8 percent more in the second quarter compared with the same period last year
The Spanish real estate market experienced its first good news after a slump lasting over six years in the second quarter of 2014.
Between April and June house prices rose for the first time since early 2008, according to figures released by the National Statistics Institute (INE).
The Housing Price Index grew an average 0.8 percent compared with the same period in 2013, the numbers show.
Broken down by type of housing, the price of new homes rose 1.9 percent while that for existing homes grew 0.2 percent.
The drop in house prices had been slowing for several quarters, suggesting a gradual market recovery. The sharpest decline was registered in the third quarter of 2012, when prices dropped 15.2 percent compared with the same period in 2011.
After that, the rate of price contraction slowed to 1.6 percent in the first quarter of 2014.
The 2008 property bust that followed years of easy credit and untrammeled construction has been the defining factor of Spain’s economic crisis.
Tu suscripción se está usando en otro dispositivo
¿Quieres añadir otro usuario a tu suscripción?
Si continúas leyendo en este dispositivo, no se podrá leer en el otro.
FlechaTu suscripción se está usando en otro dispositivo y solo puedes acceder a EL PAÍS desde un dispositivo a la vez.
Si quieres compartir tu cuenta, cambia tu suscripción a la modalidad Premium, así podrás añadir otro usuario. Cada uno accederá con su propia cuenta de email, lo que os permitirá personalizar vuestra experiencia en EL PAÍS.
¿Tienes una suscripción de empresa? Accede aquí para contratar más cuentas.
En el caso de no saber quién está usando tu cuenta, te recomendamos cambiar tu contraseña aquí.
Si decides continuar compartiendo tu cuenta, este mensaje se mostrará en tu dispositivo y en el de la otra persona que está usando tu cuenta de forma indefinida, afectando a tu experiencia de lectura. Puedes consultar aquí los términos y condiciones de la suscripción digital.
Últimas noticias
From Andorra to Gibraltar, a black market for Ozempic exploits its success: ‘They’re the most sought-after products in the world’
Magnets in their heads: How some animals guide themselves using the Earth’s magnetic field
From Hungary’s Orbán to Chile’s Kast: How Trump helps turbo charge the far right
The brief rise and retreat of Generation Z in Mexico
Most viewed
- Why we lost the habit of sleeping in two segments and how that changed our sense of time
- Charles Dubouloz, mountaineering star, retires at 36 with a farewell tour inspired by Walter Bonatti
- Venezuela faces its most tense Christmas yet
- CBS in crisis after pulling a report on Trump’s deportations to El Salvador (which later leaked online)
- Bukele clan fumes over investigation exposing their new wealth
