Spain June Home Sales Climb 17%, Biggest Gain Since March 2014

Spanish home sales rose 17 percent in June from a year earlier, the largest increase since March 2014, as the country recovers from the worst recession in its democratic history.

Transactions rose 3.8 percent from the previous month, according to data compiled by the National Statistics Institute.

Spain has become one of the fastest-growing economies in the euro area as exports surge and investment rebounds. The country is set to have the highest growth since 2007 this year.

Tinsa, Spain’s largest homes appraiser, said on Aug. 4 that home prices fell 2 percent in July from a year earlier, extending a drop since values peaked in 2007 to almost 42 percent.

Source: Bloomberg