House sales in Spain fall by 29 percent in 2008

House sales in Spain fall by 29 percent in 2008
larger | smaller
By h.b. - Feb 16, 2009 - 9:47 AM
The fall in resale property numbers was 40 percent

EFE

The number of house sales in Spain in 2008 was down 28.6% over 2007 according to data just released. In 2008 558,429 deals were done according to the INE National Statistics Institute.

The fall was more pronounced in resale property which was down 40% year on year at 273,936. New house sales fell by the reduced 14% at 284,493.

In December 32,403 homes were sold, down 26% on the year.
The numbers also show that Murcia was the region where most houses were sold last year at 1,531 per 100,000 inhabitants with a total of 2,347 deals done over the year.

Other regions to see above average sales were Castilla-La Mancha, La Rioja, Cantabria, Andalucía, Valencia, Extremadura and the Canaries.

Click here for related stories

mobile |

email this article | print

printer friendly page

More Spain Business

Readers' comments:
Please keep to the subject. Opinions published here are of our visitors, not the Typically Spanish team. Comments which go against Spanish laws or which are libellous are not allowed. We reserve the right to delete any comment we wish. Placing a comment indicates you have read our terms and conditions and privacy policy.

Por favor, céntrate en el tema. Son las opiniones de los internautas, y no las de Typically Spanish. No está permitido verter comentarios contrarios a las leyes españolas o injuriantes. Reservado el derecho a eliminar los comentarios que consideremos fuera de tema. Escribir un comentario indica que has leído nuestros condiciones de uso y politica de privacidad.