Property Prices

Spain

Globaledge.co.uk writes that the latest figures from the Spanish Government

(Fomento) show that housing sales for some time has gone up and down

like a yoyo.

However, the latest available figures show a slight increase in

transactions in the second quarter of 2011 compared with first quarter, but it

most apparent is that foreign buyers have been responsible for 23% of

the total purchase in Spain.

The British buyers account for most of the trades, even though

other nationalities have started to buy more.

The figures were confirmed by a press release issued by the

Spanish government, which also shows that sales of new homes now account

for 34% of the total market. However, it is less than half of

compared to 2010 but is still a very large share of total sales

compared to most other countries, the Spanish housing market is

compared with.