House sales down by 31% in Q1
09.09.2009
The real estate market in Spain is not showing any signs of a recovery, with houses sales down by 31.16% in the first quarter of the year compared with the same period in 2008, its worst since 2004 when the statistics began being recorded. According to the figures released today by the Housing Ministry, 316.096 houses were sold in the first six months of the year - a 28% drop on the year.
More positive data were seen for the sales of unoccupied houses, the price of which dropped by 8.9% on the year in August, a decline which was less sharp compared with the 14% drop in December 2007, according to the Index of Spanish Real Estate Markets published today by the Real Estate Taxation Society.
Source: ANSAmed
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