Spanish PM claims property market is 'improving'

Spanish prime minister Jose Luis Rodriguez Zapatero has claimed that the troubles which have been affecting the country's property market are over.

Speaking to CNBC News, the premier said that the real estate sector was well on its way to recovery, with prices having bottomed out and the economy improving.

"Over the last two or three months, we've seen that [housing prices] not only have not fallen but have even risen in some areas of Spain where people are buying their first home," Mr Zapatero told the news provider.

"Prices have stabilised in general and have even been increasing. Demand seems to be ticking up."

Furthermore, Mr Zapatero said his government managed to correct an "exaggerated" international market perception on Spain's sovereign debt, stating that the deficit is "safe and profitable", despite a recent downgrading of the country's credit rating.

The news is sure to interest anybody looking to invest in property in Spain, with a number of homes now available at bargain prices.

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