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Spanish house prices notch up slight rise

The Local Spain
The Local Spain - [email protected]
Spanish house prices notch up slight rise
Photo of apartment blocks in Barcelona: Shutterstock

House prices in Spain rose very slightly in Spain in the second quarter of 2014 but the increase was below European Union averages and far behind the surges seen in countries like Ireland and the UK, new EU figures show.

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Spanish property prices crept up 1.7 percent from April to June on first quarter figures, the data from the EU's stats body Eurostat shows.

Those prices were also up 0.8 percent on the second quarter of 2013, the new numbers reveal.

But Spain is still lagging well behind peers like Ireland where the cost of housing jumped 12.5 percent in the second quarter of 2014 against first quarter prices, and the UK which saw a 10.2 percent rise on January to March figures.

For the EU as a whole, house prices inched forward 1.4 percent in the second quarter, and were up 1.7 percent on the same period in 2013.

Spain's property market has struggled to recovery since the country's property bubble burst in 2008. Properties have lost some 30 percent in value since that time.

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