BUYING A PROPERTY? - HOUSE PRICES RISE The house price rises for the first time in six years. Increased 0.8% in the second quarter - the cost of new housing rose 1.9%. The housing prices recorded in the second quarter rose by 0.8% compared to the same period last year, representing the first positive annual performance since the first quarter of 2008. According to the Housing Price Index from the National Statistics Institute (INE), the price of new housing rose 1.9%. So far this year, the increase is 1.4%, a rise of 0.8% and 1.5% second hand. Figures for the first quarter of this year began to reflect a moderation in the pace of falling housing prices started 2012 at 12.6% and 14.3% in 2013 before stabilizing at around 8% . The housing prices fell from the second quarter of 2008, which accumulated an almost 6 years of declines. Back in the second quarter, prices rose by 1.7% compared to the first three months of the year: new housing were up 0.6% and second hand homes rose 1.9%. The annual rate, prices rose in Madrid, with 2.7%, and Valencia, with 2.3%, leading the way. Increases in Andalucía, Baleares, Cantabria, Catalonia, Galicia, Murcia and the city of Melilla were also recorded. On the opposite side, prices continued to decline in nine other communities and Ceuta. The largest decreases were in Navarra, with a fall of 6.1%, in Extremadura, a decrease of 3.5%. Source: La Opinión Translated by: ccs-tenerife Sylvia-ccs Tenerife from Crystal Clear Solutions - Tenerife #SPAIN #CANARIAS #TENERIFE
Posted on: Mon, 08 Sep 2014 09:56:47 +0000
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