Property prices rise for the first time in over three years

Madrid/Palma.—Spanish property prices rose on a quarterly basis from July to September, the first such increase in more than three years, official data showed yesterday.
Spain’s decade-long housing bubble burst more than five years ago, triggering an economic downturn that has left 26 percent of the workforce out of a job, forced a 41-billion euro  bailout of the country’s banks and gutted domestic demand.