Price of new build properties up in Spain for first time since 2007

This year has seen a new lease of life for new builds

LAST UPDATED: 15 Jul, 2015 @ 13:55

new buildTHE price of new builds in Spain is finally on the rise.

For the first time in eight years, the cost of new builds has showed signs of improving.

A 1.8% market increase since the turn of the year represents the first positive growth in the market since 2007.

The market tumbled by a massive 38% since 2007 after a surplus of new builds, and half-built properties left the country’s property market in dire straights and contributed to the country’s economic downturn.

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