Spanish Home Prices Rise 0.8% on Annual Basis
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Spanish home prices rose in the second quarter for the first time since 2008, adding to signs that the property market is stabilizing more than six years after triggering the worst recession in the country’s democratic history.
Prices rose 0.8 percent from a year earlier, the first annual gain since the first quarter of 2008, according to data compiled by the National Statistics Institute. Values climbed 1.7 percent from the previous quarter, the Madrid-based Statistics Institute said.