Spanish house prices rise
The government has reported a nationwide rise in house prices of 0.5% in the last quarter of 2014 – the first rise since 2008.
Here in Andalucia the increase was a more modest 0.1%, according to figures released by the Public Works Ministry.
Surprisingly, whilst the price of existing homes rose throughout Spain the price of new (off-plan) properties actually fell by 0.1% as more of the distressed properties held by Spanish banks were released onto the market.
Other signs of recovery in the real estate market in Spain were evident in the increase in Housing Starts for the first time since 2008, rising 1.8% to a total of 34,873.