Spanish house price inflation outpaces other countries
The rate of growth in the Spanish property market is continuing to outpace many other European countries, according to a new report.
Although price inflation was slowing down across much of the continent, prices in Spain continued to grow at a strong rate.
Figures showed that during the last year, the price of property in Spain increased by five per cent.
This rate of house price inflation is much higher than in many other European countries, suggesting that overseas investors hoping for capital appreciation could still profit from the Spanish market.
During the same period, prices in the Republic of Ireland rose by just 0.9 per cent.
In addition, there was also a fall in the flats average price increases in Denmark, Switzerland, the Netherlands and France.
The study concurs with recent research by Halifax, which found that growth in the Spanish property market had outpaced other countries in the eurozone since 2002.
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