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% . House prices in Spain rose at their fastest annual rate for eight years in the second quarter, according to official data. 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 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 .