House sales rise in Spain in January

House sales rise in Spain in January
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By h.b. - Mar 11, 2010 - 12:54 PM
A fall in new property sales was more than offset by a jump in the sale of resale property

Photo EFE

Sales of homes in Spain saw a 2.1% increase in January, the first rise since 2008, according to data published by the National Statistics Institute.

Sales on new property was down 5.1% compared to the same month in 2009, but a 10.7% jump in resale property sales at 18,807, took the total number of sales over the month this year to 38,263, up 2.1% on 2009.

Many of the sales were away from the holiday costas however, with Cantabria seeing the most at 157sales per 100,000 inhabitants, followed by Murcia with 138, Castilla-La Mancha (127), Navarra (120), Comunidad Valenciana (120), La Rioja (120), Extremadura (119), Andalucía (115) and Castilla y León (104).

Below the average sales were seen in Asturias (98), Madrid (95), Aragón (90), Canarias (88), Baleares (86), Cataluña (83), País Vasco (79) and Galicia (76), and in Ceuta and Melilla there were 44 and 96 sales per 100,000 inhabitants respectively.

In absolute terms most sales in January were in Andalucía, (7,500), followed by Cataluña (4.990), Comunidad Valenciana (4.939) and Madrid (4.881).

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