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House prices in Spain are rising

For the first time in six years, house prices are rising in almost all of Spain


Photo: Wikipedia

The house prices increased by 0.8% in the second quarter of this year compared with the same period last year. The largest increase has been in new homes that has risen by 1.9%.

The trend of falling house prices began to decline in 2012, and now the prices have gone up in all provinces except in the Basque Country (-0.9%) and Cantabria (-0.3%). The biggest price increases have been in Valencia (+ 3.1%) and the Canaries (+ 2.8%).

The statistics come from the INE (Instituto Nacional de Estadisticas), the National office for statistics in Spain. The statistics corresponds to the requirements of Eurostat and are being published quarterly. The purpose of the statistics is that it will provide data for comparisons between EU Member States.