Spain's property market recovers to pre-crisis levels

Madrid

SPAIN'S real-estate market, hit hard when a bubble burst in 2008, has recovered transaction levels that were last seen before the economic crisis even if property prices still remain lower, official figures showed on Monday.

Boosted by strong economic growth, close to 465,000 property sales or purchases were recorded in 2017, "the highest annual figure since 2008", a report by Spain's national property register showed.