Spanish Property Sales: June
August 10th, 2012
According to the latest data published yesterday by the National Statistics Institute, home sales dropped 11.4% in June over the same month of 2011, to a total of 25,405 transactions. Of these, 52.3% were for previously owned homes and 47.7% were for new properties.
The year-on-year decline in June was slightly lower than May, when the number of sales fell by 11.6%. With the drop in June, house sales now mark 16 consecutive months of declines year-on-year. According to the statistical data, sales of new homes fell 12.3% in June over the same month last year, and totalled 12,109 operations, while the sales of previously owned homes contracted by 10.6%, with 13,296 transactions.
87.3% of the home purchases transacted during the sixth month of the year were for private housing. In total, the sale of such homes fell by 10.1% to 22,173 operations, while public housing transactions totalled 3,232, down 19.6%. Month-on-month, home sales fell by 6.9% in June, compared with the 26.6% monthly increase experienced in May. In the first six months of the year, house sales accumulated a decline of 20.8%.
Diario Sur reported that Andalusia, had 5,115 transactions,Valencia made 3,879 transactions, Catalonia (3,386) and Madrid (3,356). Of the other regions, only Castilla-La Mancha (1,176), Castile and Leon (1,173) and the Canary Islands (1,247) exceeded one thousand transactions. The regions which had the fewest house sales in June were La Rioja (218 operations), Navarre (239) and Cantabria (361).
Valencia registered the largest number of house sales per 100,000 population, with 95. La Rioja came next with 85, followed by Murcia (79). Galicia (42), Asturias (49) and the Basque Country (53), were the regions where fewest transactions were carried out per 100,000 inhabitants.
84.9% of the transactions conducted in June corresponded to urban properties and 15.1% to rural properties.
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