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SPANISH PROPERTY SALES FIGURES SHOWING PROMISE

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Mark Nolan / 2012-01-10 19:26:10

According to the latest figures released by the Spanish statistical institution, the Instituto Nacional de Estadística (INE), Spanish property sales figures in November last year continued to show a steady increase in the reduction of units sold.

In October of 2011, property sales were down by 18%, compared to the same time in 2010, but the November figure shows that the gap in the drop had started to close and an improved figure of 14.4% drop was recorded compared to the same month of 2010.

The difference has been relatively consistent throughout most of the year, with March showing an 11.9% decrease on the previous year, which then shot to 29.7% in April, 18.3% in May, 22.9% in June, 34.8% in July, 28.2% in August and 18% in September, the same as shown in October.

These figures are thought to show how the market for property in Spain is starting to pick up and although unlikely to reach the same sales figures of the boom years, this marks another turning point for the future stability of the country.

Tags: Propertyportal, Spanishproperty