(La Vanguardia 27/08/2015). Recently the Spanish business press has echoed the price rise that is experiencing the real estate market in Spain , as well as the economic upturn .
According to the National Statistics Institute , in the second quarter of 201mercantil5 the Spanish GDP grew by 1%. In annual terms , growth was 3.1 % over the same quarter last year.
The Secretary of State for Economic Affairs , Inigo Fernandez de Mesa, stands (La Vanguardia 8/27/2015 ) with this are already 8 consecutive quarters of growth .
In response to variables such as membership data to Social Security , the index of industrial production, vehicle registration , consumer confidence and home sales , Fernandez de Mesa forecast that this rate of growth will remain strong in the third quarter 2015.The growth rate recorded in the second half of 2015 not seen since the first quarter of 2007. The Secretary of State has emphasized that Spain three times the average growth in the euro zone and the economy within the fastest growing developed countries.
Focusing on increasing housing sales and the rise in prices , the main factor that influenced the change in trend is the increase in mortgage lending . According to the National Statistics Institute , the signing of mortgage loans for home purchases rose 8.7% in June . In annual terms , the increase was 26.3 % compared to June 2014.