Period of falling house prices in Spain has come to an end

According to the press release of credit rating agency Fitch Ratings, the latest data for the housing sector in Spain shows that the long period of falling house prices is coming to an end, which Fitch considers is related to an increased lending. Fitch anticipates growth in the Spanish economy in 2015 – 2016, which will in turn affect growth in mortgage deals. Fitch meanwhile also expects that recovery of the Spanish property market will be slow and uneven.