Is was in May 2007 when a similar raise was registered, specifically the price rose 5.4% year-on-year. This month of August the year-on-year growth is, also, the eleventh consecutive that register the Real Estate Index (Índice Inmobiliario) fotocasa.
«The housing market is registering levels of activity that we have not seen for ten years, as a result of the economy and employment improvement, as well as a return of confidence in the sector. As a consequence of all this, prices are rebounding, although at a different pace for every zone of the country», explains Beatriz Toribio, manager at Estudio de fotocasa. However, Toribio recalls that «despite the bulky growths in number of mortgages, sale-purchase and prices, the sector is still in levels lower than the glory years of the sector».