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24 pecent fall in house sales in February compared to the same month in 2007
By h.b. - Apr 28, 2008 - 9:52 AM
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Archive Photo EFE
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The fall was even more pronounced in resale property.
The resale of homes in Spain during February was 24.4% lower than in February a year ago, according to numbers released this morning by the National Statistics Institute INE.

The fall in sales was particularly of note in resale properties reaching as much as 33.8%. There were 55,462 homes bought and sold across the country over the month.

The new data shows that the average mortgage awarded for property in February was for 148,965 €, which is 0.79% lower than the same month in 2007.

The number of new mortgages granted was 25.83% lower than a year ago at 81,897 over the month.


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