Tuesday, 10 February 2015

New Buyers Increase in Spain for 2014

The number of new buyers of residential property in Spain showed a small increase in 2014.

Total sales of homes increased by 1.9% whuch when considered against the fact for the first 6 months of 2014 numbers were down on 2013 was no mean feat and suggests some sort of sustained recovery is underway.

Who was buying in 2014

Lawyers and Real Estate agents all reported a strong finish to the year with a significant increase in particular in International Buyers. Americans and British residents owning homes in Spain all showed an increase in the year and the only fly in the ointment was a reduction in Russian buyers due to the impact of sanctions and internal turmoil within Russia itself.

What was selling and where 

Resales or used housing, once at levels well below the sales of new builds, made up nearly three quarters of the house sales which was good news for existing owners trying to sell.

In general traditional holiday regions outperformed other regions except for Murcia who ended the year down on 2013.

The Islands the Balearics and the Canaries had the strongest yearly performances as percentage incrases against the previous year.

2015 what next

In 2014 January was a very high month for new property sales and the best within the year when considering number of new property owners so it will be interesting to see January 2015 figures to be sure the upward trend is continuing.

Read the full article:-New and Used house purchases up in Spain for 2014

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