MADRID: Spain’s central statistics stated that the number of property sales registered during February in the Spain increased 15.5%.
This brings the running 12-month cumulative total of sales to 326,143 since March 2014, an increase of 11.2% since the low of February 2014, and all of the market conditions suggest that the figure will continue to rise, although not to anywhere near the peaks of over 700,000 which were recorded in 2007 and 2008.
As has become the norm over the last year the number of second hand properties sold in February far outstripped the new-build market: second-hand sales have been rising constantly and reached 21,613 in the second month of this year, accounting for 72.7% of all operations after increasing by 50.4% since last year, while new-build sales have tumbled from 11,345 last February to only 8,101 this time round.
