Spanish house prices rising, foreigners buying, economy growing
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After almost seven years of falling house prices, Spain’s housing market is recovering. Spanish house prices increased 0.83% during the year to end-Q2 2016 (2.07% inflation-adjusted), its third consecutive quarter of y-o-y house price rises, based on figures from TINSA. The housing market finally returned to growth in Q4 2015. However quarter-on-quarter, house prices fell by 0.41% (-1.73% inflation-adjusted) during the latest quarter.
The Bank of Spain reports even stronger house price rises. During the year to end-Q1 2016, Spanish house prices rose by 6.34% (7.05% inflation-adjusted). On a quarterly basis, house prices increased 1.45% (3.58% inflation-adjusted) in Q1 2016.
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