New data published by Spain"s National Statistics Institute has revealed that the country"s house prices increased by 4% YoY during 2Q and are now at pre-crash levels; prices of newly-built houses saw the largest price increase of 4.9% . Additionally, the annual rate of house sales activity rose by 4% , the largest figure in 2007 , although the number of houses sold during 2007 was 2Q , around half of the average monthly figure in annual .
New data published by Spain"s National Statistics Institute has revealed that the country"s house prices increased by 4% YoY during 2Q and are now at pre-crash levels; prices of newly-built houses saw the largest price increase of 4.9%. Additionally, the annual rate of house sales activity rose by 13.9%, the largest figure in eight years, although the number of houses sold during July was only 32,714, around half of the average monthly figure in 2007.