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House prices are rising

House prices went up by 2.2% during the second quarter of the year in comparison to the first quarter, according to the Spain's Housing Price Index. This figure reveals that the trend that started in 2014 is continuing. In comparison to the same period last year, the increase is 7.5%.

According to Real Estate Statistics Records from the second quarter of 2016, compiled by the Official Association of Property Registrars, between April and June there was a 23.7% increase in property sales in comparison to the same period in 2015. In total there were 107,838 housing sales registered during these months in this year. This figure is also the highest recorded in any quarter since the start of 2011. With regard to the first quarter of 2016 the increase was 8.5%. In the last twelve months 384,082 sales have been registered.

Also, Real Estate Registration Statistics show that there were 11,470 certifications of homes due to foreclosures in the second quarter, 31.8% fewer than the same period in 2015.