The price of housing in Spain rose 0.7 % in the third quarter of 2013, the first increase since the second quarter of 2010, the housing price index (HPI ) compiled by the National Statistical Institute said 10 autonomous communities recorded increases, led by Balearic islands ( 2%) and Valencian Community ( 1.8%), however year on year it fell by 7.9%

Property prices in Spain have risen 0.7% in the last quarter

The annual rate of new housing fell by 7.9%, almost five points higher than the previous quarter, meanwhile the annual variation of the resale market decreased by 8%. Rates of a decrease by regions are, Ceuta (-3.8 %) , Basque Country (-5 %) and Cantabria (-5.4 % ) are recorded under the autonomies price falls, on the contrary, Murcia (-15 % ), Extremadura (-14 %) and Castilla-La Mancha (-12.9 %) are the regions where the greatest price falls were recorded.

in terms of quarterly performance , the price rose 0.7 %, the first increase since the second quarter of 2010. by type of housing, new housing prices rose 2.3 % and used housing , 0.1%

most CCAA had positive quarterly rates in the third quarter of this year. the largest increases were recorded in Balearic Islands ( 2%) and Valencian Community ( 1.8%). communities whose prices have fallen further in the third quarter were autonomous community of Navarre (-1.3 %) and asturias (-1.2 %)

Property price change per country  –  (Data supplied by Frank Knight Residential Research)

(Data supplied by Frank Knight Residential Research)