Spanish House Price Rise
Posted on Saturday, December 6, 2014 12:23

Some interesting stats:
  • House prices have risen for the first time in 6 years
  • 20.6% more building licences granted by the College of Technical Architects
  • 29% increase on new mortgages signed in 2014, compared with 2013
  • 0.8% House price increase in 2nd Quarter, compared with 2013

Construction has traditionally been a major contributor to the economony in Spain and the facts above are indicators that financial recovery is on it´s way. This is further supported by rising employment and stabilising of the banking industry.  The Bank of Spain predicts that GDP will rise 1.3% in 2014 and 2% in 2015.

The above plus over 320 days of sunshine annually on the Costa del Sol makes this the destination of choice for people from northern Europe.