First rise in house prices for six years

Following a slump which has lasted over six years, the Spanish real estate market experienced its first rise in prices in the second quarter of 2014.

Between April and June house prices rose for the first time since early 2008, according to figures released by the National Statistics Institute (INE).

The Housing Price Index grew an average 0.8 percent compared with the same period in 2013, with the price of new homes rising by 1.9 percent and the price for existing homes up by 0.2 percent.

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