INE: House Sales Rose By 17% In June

6 August 2015 – Bloomberg

Spanish house sales rose by 17% in June from a year earlier, the largest increase since March 2014, as the country recovers from the worst recession in its democratic history.

The number of transactions rose by 3.8% compared with the previous month, according to data compiled by the National Statistics Institute (INE).

Spain has become one of the fastest-growing economies in the euro area, as exports surge and investment rebounds. This year, the country is set to record its highest growth rate since 2007.

Tinsa, Spain’s largest homes appraiser, said on 4 Aug that house prices fell by 2% in July from a year earlier, extending the cumulative drop since values peaked in 2007 to almost 42%.

Original story: Bloomberg (by Sharon R. Smyth)

Edited by: Carmel Drake

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