Housing Transactions Down 29.8% Over 2012
June 27th, 2013
Private housing market transactions in Spain amounted to 6,632.8 million euros in the first quarter of the year, representing a decrease of 29.8% compared to the same period in 2012, when the amount was 9,457.6 million euros.
According to the Ministry of Public Works’ data, collected by Servimedia, this is the lowest figure for a quarter in the comparable time series. The figure of 6,632.8 million euros corresponds to the 51,538 private housing transactions that were carried out between January and March (-18.7%).
In particular, El Economista reported that private housing resales accounted for 5,255 million euros in the first three months of the year (27% less than a year ago), while the amount for new builds was lower, with 1,377.8 million euros (-38.9%).
The region which registered the largest amount for private housing transactions in the first quarter was Andalusia, with 1,454.1 million euros. Catalonia came next with 1,255.2 million euros, followed by Valencia (918.7 million) and Madrid (859.7 million).
Following these regions were the Canary Islands (356.1 million euros), the Basque Country (295.1 million), Murcia (239.2), Castilla y Leon (209.6), the Balearic Islands (203.5), Galicia (196.3), Castilla-La Mancha (185.8) and Aragon (145.7).
Meanwhile, the regions registering the least amounts for private housing sector transactions were Asturias (89.2 million euros), Extremadura (73.8), Cantabria (59.4), Navarra (44.6), La Rioja (29.9) and Ceuta and Melilla (16.5 million euros between the two).