Monday, 12 January 2015

Transfer of ownership figures for Spain

INE data for November. Data

Data out on the 12th of January relating to house sales in Spain for November was a mixed bag of good and bad news.

Overall property transfers were down but when considering just the sales of residential homes the figures year on year were up.

Types of property selling

Resales outsold new builds by quite someway continuing a trend that has been in place since the boom years halted.

Urban property outsold country property but as a percentage of total sales country properties are holding up well.

Month on month trends

Whilst year on year figures showed an increase when assessing sales against the month of October to November over a 5 year period 2014 novemeber sales dropped away at higher rate than we have seen for the last 5 years.

Regional sales

Andalucia continued to have the highest number of home sales driven by it international buyers market. Madrid and Cataluna all sold above the mean average as did Valencia but Valencia showed a year on year decline.

Real Estate agents are reporting high levles of foreign interest for the housing market owning property in Spain remains popular, but to move out of its rather stagnate current position the Spanish Nationals need to start buying again.

Read the full article : Property sales for November