Spain has been slowly crawling out of its massive slump since it property market crashed in 2008 amid the global financial crisis. 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 ever increase of 4.9 % . Additionally , the annual rate of house sale 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 total in 2007 .
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 ever increase of 4.9 % . Additionally , the annual rate of house sale 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 total in 2007 .