Treasure in Official Stats
December 4th, 2007
I’m in London at the moment attending the OPP Live exhibition – a business to business show for those working in the overseas property industry.
I’ll be one of the panelists discussing the state of the Spanish property market – so I’ve been doing some digging into the official statistics from the Ministry of Housing.
A nice side-effect is that we’ve published a brand-new section on Kyero.com containing an easy download of all the useful official data, translated into English.
I’ve never been a fan of some of the official statistics for a variety of reasons but, putting those reservations aside, there’s a real treasure-trove of information there – especially when it’s cross-referenced with our own data.
There’s too much detail to go in to right now but I’ll be posting articles over the next few weeks – as a Property Pulse subscriber, you’ll find out about them first.
Briefly, I think I’ve found a reliable method of measuring how much money actually passes ‘under the table’ and when that practice is likely to come to an end.
I’ve discovered why the land-grab problems in Valencia are big news to foreign buyers but hardly cause a blip on the radar in Spain.
There’s also a way of combining historical information with current search trends to gain further insight into where foreign buyers will purchase property in Spain in the future.
I’m really excited about uncovering this set of information and making it available to you. It has always been available on the Ministry of Housing web site – but remained buried, inaccessible and cryptic to most people.
We’ve simply sorted the useful from the useless, reformatted and translated the information and (hopefully) presented it in a more useful way.
Martin Dell, Kyero.com
