Latest figures show 6.8% growth in Spain property market

 

Recently realeased statistics show how the Spanish property market is at long last starting to show some green shoots of recovery, with preliminary figures for 2010 showing how the market has improved by 6.8% compared to the year previously, representing the largest increase seen in the Spanish property market since 2007.

At the peak of the property boom in 2007 total property sales reached a high of 775'300 transactions, compared to just 441,386 for 2010, meaning that even though figures are up on last year they are still 44% under the number of sales seen in 2007.

Much of the Costa del Sol and Andalucia saw transactions decrease by 9.1% during the same period, however, the fall in sales was significantly lower than that seen in previous post-boom years.