According to the data published by the Spanish Statistics Institute, the price index rose in the second quarter of 2014 not only in Spain but also in Andalucia (see the chart attached).
It is again another sign that things are changing. It is already the end? It is again, difficult to say. We saw the same behavior one year ago and it was followed by more falls. What it seems is that the prices are already at the bottom and are almost flat, with ups and downs, but the general tendency is stable.
To contrast this information on a local way, the price indexes for Marbella and Estepona will be published tomorrow by the Housing Ministry. Everybody is looking for an increase in the local indexes but we will see tomorrow.
To add more insights to the issue of the prices, I am including two charts from The Economist Housing Price Index that shows that the prices in Spain are still 10% up based on one side on the affordability, or the capacity of the Spaniards to buy a property counting on the average income, and on the other side as how properties are perceived as investments (i.e. vs the rent they can produce).
