Spain home sales plunge by 27.6% in February

Ever fewer transactions despite lower prices

09 April, 16:52

    (ANSAmed) - MADRID, APRIL 9 - Despite a sharp drop in prices, the real estate market in Spain continues to slide sharply. In February there were a total of 25,717 sales transactions, a 27.6% drop on the same month of the previous year and a 16.1% one on the month of January. According to the figures released on Wednesday by the national institute of statistics INE, new home sales dropped the most, by 37.4% to 11,544 transactions, compared with a 17% reduction in used home sales (to 14,173 transactions). The drop was especially acute for social housing, the transactions of which dropped by 48.6% in February compared with the same month in 2013. (ANSAmed).

    © Copyright ANSA - All rights reserved

    Business opportunities

    The information system of business
    opportunities abroad

    News from Mediterranean