THE price of Spanish housing is growing at a much faster rate than the euro zone average, exceeding it for seven consecutive quarters. The latest data shows that the second quarter of 2016 witnessed a 3.8 per cent increase, lower than Jan-Mar figures but still higher than the euro zone average of 2.9 per cent.
Both Spain and Ireland have seen strong increases in recent years, largely due to making up lost ground as they continue to rebound from the brink of disaster.
France and Italy have fared far worse, while Germany has also performed well.
The news comes as a Spanish real estate revealed its half year report showing that major cities and coastal hotspots are behind much of Spain’s recent price growth.
Valencia, Barcelona and Madrid clocked up increases roughly double the national average and foreign investors are now considered central to the market’s enduring recovery.