Words: Ashley Rigg
Published: 14th October 2009
Spain: Housing sales fall in August
Property sales volumes fell 8.2 percent in August, the first month-on-month decline for three months, according to the National Statistics Institute. Sales volumes were 34,019 in August, down 9.9% year on year.
Residential Spanish property prices fell by 8.3% over 12 months to the end of September, according to the latest Spanish property price index published by TINSA, one of Spain's leading appraisal companies.
According to the TINSA figures, the rate of property price falls has decelerated in the last six months which suggests the market is reaching the bottom. It could however just be a blip says Mark Stucklin of Spanish Property Insight. Prices on the coasts, where most international buyers purchase lurched downwards again in September, falling 11.5%, after stabilizing in July and August.
Stories from Forbes and Spanish Property Insight and Kyero.com
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