Spanish transactions rising, thanks to foreign buyers
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Spain’s housing market continues to recover, amidst continuous improvement in economic conditions. House prices are still falling. But the good news is, property demand has already picked up, thanks to foreign homebuyers.
Spanish house prices dropped 3.56% during the year to end-June 2015 (-3.56% inflation-adjusted), up from the 3.03% y-o-y decline in May 2014 and almost the same as the 3.57% annual drop seen in the previous month, based on figures from TINSA. Quarter-on-quarter, house prices fell by 0.7% (-2.2% inflation-adjusted) during the latest quarter.
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