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Posts Tagged ‘property’

18.70% increase on property purchases

Big increase in property sales in February

Big increase in property sales in February

Data published by the Spanish National Statistics Institute (INE) for February 2010 confirm what many were already announcing: an improvement in the number of sales transactions carried out in Spain following the announcement by the Spanish Government about the VAT increase and the decline in house prices.

According to data provided by the National Statistics Institute during February 2010, housing sales transactions increased by 18.70% reaching 41,033 units, the relevance of this information becomes more significant when compared with the data for the same period during 2009 during which the number of transactions remained at 34,669 units.

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