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16-03-2016
Warmest winter in over 30 years in Torrevieja
Torrevieja has just had its hottest December since records began in 1927 with the province basking in the warmest winter for over 30 years.


16-03-2016
Weddings permitted on La Manga
GETTING married on a beach in La Manga can now be easier than ever after the Ministry worked with the City of San Javier to permit legal weddings on this side of the Mar Menor.


16-03-2016
Rental prices increase to pre-crisis levels
ALICANTE rental prices are reported to have recovered from the big drop experienced during the worst years of the crisis in the city.





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Spanish House Prices Register Biggest Increase Since 2007


Housing prices in Spain climbed by 4% year-on-year in the second quarter of the year, according to the latest House Price Index data published by the National Statistics Institute, which is the largest increase registered since the fourth quarter of 2007, and the fifth consecutive quarterly increase, following six years of declines (2008-2014). Compared to the first quarter of the year, the price of housing rose by 4.2%.

By housing type, new housing prices increased by 4.9% in year-on-year terms, representing its biggest increase since the second quarter of 2008, while the price of second hand homes rose by 3.8% in this period, registering its largest increase since the third quarter of 2007.

Compared with the first quarter of the year, the price of new housing increased by 1.5%, while second hand housing prices rose by 4.6%.

In the second quarter of 2015, all of Spain’s regions registered increases in their housing prices, year-on-year, except for Castilla La Mancha, which maintained a rate of 1.8%. The greatest year-on-year increases were recorded in Cantabria (5.1%) and the Balearic Islands (7.3%), with increases of 5.4 and 4.5 points, respectively, while the regions where prices increased least were Extremadura (up one tenth to 0.9%) and Galicia (up three tenths to 0.8%).

Quarter-on-quarter, all regions recorded positive rates in the second quarter of 2015, with the greatest increases being recorded in Catalonia (5.4%) and Cantabria (5.1%). In contrast, the regions which recorded the lowest quarter-on-quarter rates were Extremadura (1.0%) and the Basque Country (1.7%).



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