Property prices on the up
Monday, December 16, 2013 @ 1:08 PM
House prices in Spain increased by 0.7% in the third quarter of 2013 - the country's first quarterly increase since the second quarter of 2010.
Data from the National Institute of Statistics (INE) confirm that house prices are moving in a positive direction after 12 consecutive quarterly drops.
In the second quarter of 2013 house prices only dropped by 0.8%, compared with the 6.6% fall the previous quarter, so there were already signs that a recovery was on its way.
Prices for both new build and secondhand properties have shown an increase, although the recovery is far more marked for new build (2.3% up compared with the 0.1% increase for used properties).
Read more at thinkSPAIN.com