Strengthening the foundations of the country’s economic recovery, prices for new houses in Spain increased by 4.9 percent y-o-y in the second quarter, according to the National Statistics Institute, while prices for old houses jumped by 3.8 percent. In July, house sales were up by 13.9 percent y-o-y, marking 11 months of growth. The Spanish construction sector has started to recover from the economic meltdown that began in 2008, with growth reported for five consecutive quarters, the data shows.
