3 March 2015 – BBVA Research
Growth in housing sales in December raised transactions in 2014 to 364,600, 19% more than the year before. By the close of 2014, the price of housing had experienced its first quarter of growth since the beginning of the crisis, at the same time as housing starts (new builds) closed the year with positive figures. All in all, the economic growth outlook for this year and the favourable lending conditions are preparing the way for another increase in sales in 2015, which will be accompanied by a moderate price increase and further expansion in construction activity.
Original story: BBVA Research (by Félix Lores Juberías and Ignacio San Martín)
Edited by: Carmel Drake