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September brings drop in property sales

Wed 10th Nov 2010

The sale Spanish properties fell once again after eight consecutive months of rises. The National Statistics Institute (INE) reports that sales fell by 4.1% on September, based on the same period last year.

September saw the sale of 36,046 homes - with 50.4% being new-build properties and the balance being resales.

Resale property sales increased by 1.9% when compared to the same peiod last year, however the sale of new-build properties fell by 9.4%.

The Andalucía, Madrid, Cataluña and Valencia regions contributed to 61% of the overall sales, but surprisingly the Cantabria and Murcia regions saw more sales per head of population.

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