Spanish property sales fall in February

Wednesday, April 18, 2012. Ivan Radford @themovechannel

Sales of Spanish homes fell in February, the National Statistics Institute has announced.

Sales of Spanish homes fell in February, the National Statistics Institute has announced.

The number of homes sold dropped by 31.8 per cent compared to the year before, with 30,745 properties sold across the month. Out of those, 53.5 per cent were for new homes.

The figures mark 12 months of annual decreases in a row, following a drop of 26.3 per cent in January.

Indeed, agency Cinco Dias told Kyero that their sales of new homes fell by 26.5 per cent year-on-year in February with second home transactions decreasing by 37.1 per cent. This followed a monthly surge of sales in January of 42.3 per cent compared to December 2011.

While the national outlook looks grim, some areas remained popular with buyers, with the Balearic Islands and La Rioja seeing the highest number of transactions per 100k people.


Author - Dan Johnson

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