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

THE 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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