Spanish house prices notch up slight rise
The Local · 9 Oct 2014, 16:28
Published: 09 Oct 2014 16:28 GMT+02:00
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.