Property in Spain ceased to fall in price the first time in three years

Property in Spain ceased to fall in price the first time in three years

In January 2013, property prices in Spain have remained stable for the first time for three years, reported Fotocasa.es. In some places, such as the Canary Islands and Murcia, prices increased by 0.7% and 1%. The property market in Spain reached its bottom, experts said.

According to the report of rating agency S & P, in the near future recovery can begin in Spain, Portugal and Ireland. In Spain, in particular, labor costs fell, and Spanish exports have recently increased. Companies can start re-hiring of workers, helping the economy out of recession.