Wednesday, 9 July 2014

Spanish property sales for May

Today saw the publication of the monthly transfer of property rights in Spain.

Increases in the sales of used homes.

Whilst not all good news the figures showed a marked improvement in the sale of resale residential homes with an increase in people buying in Spain. The sale of used homes is now showing a small yearly accumulated increase of 0.7% and is the only area to do so.

New Builds

Sales of new builds continued to decline in numbers for the total year against 2013 but held steady in numbers against last month.

Other transfers

All other areas of transfers which include donations, inheritance, swaps and repossessions alongh wioth commercial property showed a decline in the month and continue to show a decline for the year. Given last year these areas were increasing due to a high level of transfer of properties to the Banks a decrease is not necessarily a bad thing.

Regional differences

The Islands including both the Baleraics and the Canaries led the way in increased sales during May. Two other regions Andalucia and Murcia also showed good growth in the Month supporting the veiw from those like Lawyers working in the sector that foreign purchases are picking up.

Read the full article: News for Spanish property sales in May

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