The Spanish statistical office INE released its house prices data on Wednesday. House prices in Spain declined 0.1% in the fourth quarter, after a 0.7% increase in the third quarter.

Prices for new houses climbed 1.3% in the fourth quarter, while prices for second-hand houses fell 0.3%.

On a yearly basis, house prices rose 4.2% in the fourth quarter, after a 4.5% gain in the third quarter.

Prices for new houses soared 5.8% year-on-year in the fourth quarter, while prices for second-hand houses increased 4.0%.