IN the first quarter of 2015 housing prices in Spain were up 1.6% from the same period in 2014.
This increase nearly doubles the overall Eurozone figure of 0.9%.
Further afield, some countries have seen much higher increases in housing prices.
In Ireland, prices are up 16.8% over the same period and in Sweden the increase is 11.6%.
Demand for housing has risen along with property prices, as many Spanish homebuyers have taken advantage of low prices on foreclosed properties.
Brits in particularly have benefitted from the pound’s sharp gain on the euro over the past two years.
Spanish housing prices still have not returned to their pre-crisis levels, but given these recent developments in the housing market, analysts are optimistic about the future.