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Resurgence In Spanish House Prices In 2014

Tuesday, March 10, 2015

The latest figures from the Spanish National Institute of Statistics are good news for expat property owners.

A report released on March 9, 2015, contains the latest statistics for property prices. It shows that house prices increased during the fourth quarter of 2014 by 0.2 percent against the previous quarter. House prices rose by 1.8 percent during 2014. For new builds, prices increased by 1.9 percent during 2014, while pre-owned house prices rose by 1.7 percent.

2014 has seen the fastest growth rate since the property crash of 2008, when many expats saw the value of their assets slashed. Coupled with an improving Spanish economy, it is hoped that a recovery in Spain is underway.