Spanish property sales up

The number of long term rental homes in Spain being sold is continuing to rise, it has been stated.

Spanish property portal Kyero.com has noted that the tally property transactions appears to have bottomed out, with April being the worst month with just 26,215 sales.

National Institute of Statistics figures for July showed that the subsequent upward trend has continued, with 33,694 homes bought and sold.

Such an upward movement may encourage those thinking of making a purchase in Spain.

However, overall sales may take a fresh dip as currently the number of new build and resold houses are around the same, Kyero has predicted.

This is likely to change as there will be less freshly constructed houses coming onto the market in the months ahead due to the slowdown in construction, the portal said.

However, recent figures have shown that Spanish property's popularity with buyers is on the rise.

International mortgage firm Conti stated that so far this year 22 per cent of enquiries have been about Spain, compared with 14 per cent last year.

With figures for France also rising, the company suggested this means buyers are concentrating more on traditional markets.

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