Pursuits
Spanish Home Prices Jump Most Since Crisis Bolstering Recovery
- Prices rise 4.2 percent on quarter after 0.6 percent drop
- Quarterly increase is largest since INE records started
This article is for subscribers only.
Spanish house prices jumped the most on record in the second-quarter, strengthening the foundations of the country’s economic recovery.
Housing rose 4.2 percent in the quarter compared with a 0.6 percent contraction in the previous three months, according to data released by Spain’s National Statistics Institute on Tuesday. That was the fastest clip since the institute, known as INE, started publishing real estate prices in 2007.