14May

Spanish property sales March 2013

Data out from the statistical office in Spain yesterday showed another decline in House sales suggesting Januarys upward blip from Land registry was indeed the outcome of the tax breaks being offered until the end of 2012.

Sales of dwellings decreased by 12.6% from March 2012 to March 2013 although total transfers was in fact up. Transfer of rights also includes donations and Inherited both of which increased year on year. Actual sales however decreased.
Sales of residential properties dropped by 29.36% from February and overall sales was the worst like for like month in 5 years.