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Spanish property prices grow slowly but new-builds are booming
By MADRID (Reuters) - Spanish property prices grew at their lowest rate for five years during the first quarter of 2020, the National Statistics Institute said on Tuesday, as the coronavirus outbreak dampened demand across the sector except for new-builds.Spain’s property price index rose by 3.2% in the first quarter compared with the same period in 2019 - its lowest increase since 2015, when the country began a slow recovery from the deep economic crisis of 2008.Second-hand property prices rose 2.7% year-on-year, also the smallest increase since 2015.But prices for new-build properties,...…By MADRID (Reuters) - Spanish property prices grew at their lowest rate for five years during the first quarter of 2020, the National Statistics Institute said on Tuesday, as the coronavirus outbreak dampened demand across the sector except for new-builds.Spain’s property price index rose by 3.2% in the first quarter compared with the same period in 2019 - its lowest increase since 2015, when the country began a slow recovery from the deep economic crisis of 2008.Second-hand property prices rose 2.7% year-on-year, also the smallest increase since 2015.But prices for new-build properties,...WW…
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