House prices continue to rise

GIVING further credence to the belief that the Spanish property market is finding its feet again, the third quarter of this year saw house prices rise for the second consecutive quarter.
Compared with figures for 2013, house prices for the third quarter of 2014 increased by 0.3 per cent. This follows on from an increase of 0.8 per cent in the second quarter of this year.
Prices in Andalucia remained stable, according to latest data from the National Statistics Institute, and the Balearic Islands showed an increase in prices of 2.1 per cent. The biggest increases were noted in Madrid and Cantabria.
El Economista has reported that between July and September the price of new housing rose by 0.8 per cent and the price of second hand housing rose by 0.1 per cent.
A total of 12 Spanish regions saw declines in their annual rate during the third quarter, particularly Galicia and La Rioja.