Spanish House Price Rise
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.
