Figures released by Spain’s National Institute (INE) on Thursday show that the Spanish housing market is well and truly making a comeback

06/10/2016 12:01

After about a decade of booming activity, Spain's property sector collapsed at the end of 2007 amid rising interest rates, oversupply and tougher lending conditions.

The subsequent years saw banks struggling to offload a glut of unsold properties, while homeowners who had bought in the boom had little hope of re-selling without suffering a loss.

"To potential buyers wondering if now is the right time, I would say yes, definitely," Mark Stucklin, of Spanish Property Insight, told The Local.

"The best time to buy is when things are picking up and that is now. We have left the bottom behind us."