Spanish property sales increase by 42.3pc in january

In January, real estate transactions increased by 42.3% compared to December but were down 26.3% compared to the same month in 2011, according to data published yesterday by the National Statistics Office.

86.2% of sales corresponded to urban properties and 13.8% to rural properties, this represented an increase of over 10% in year on year sales of rural property compared to over 21% fall in urban property.

It was a fairly even spread between new and resale properties, although new properties had the stronger showing, taking up 54.1% of total sales, while 45.9% were resales – a reversal of the breakdown for December.

Source: Kyero.com