Gradual rise continues

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ON THE UP: Average house prices in Spain.

LATEST figures show a continuing, if gradual, rise in the average price of a home in Spain.

During the year ending June, the price of housing rose by 2 per cent, the fifth successive quarter to record an increase. 

This figure equates to more than €1.5 per square metre, the first time that barrier has been breached since the middle of 2013.

Most observers will see this as evidence of a slow and very steady recovery, still some way off the figure for the height of the property boom in the first quarter of 2008 when it broke through €2.1 per square metre.

According to the Ministry of Development, 10 regions of the country recorded rises with the Balearic Islands notching up a rise of nearly 6 per cent.

Navarra, Aragon and the Basque Country all recorded falls of 1.7 per cent or more.

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