House Sales Up 28.73% in Spain for Q1

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This topic contains 13 replies, has 5 voices, and was last updated by Profile photo of Anonymous Anonymous 3 years, 6 months ago.

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  • #57535
    Profile photo of DBMarcos99
    DBMarcos99
    Participant

    It’s what it says here 🙄

    http://www.i-newswire.com/house-sales-up-28-73-in-spain-for/224426

    A total of 100,768 transactions took place in Q1, the highest for the last eight quarters (partly attributable to the rise in VAT on new builds from 4% to 10% on 1 January 2013 and the end of various tax breaks) and, according to the Land Registry, prices are still falling. Values are down 2.32% for Q1, a decrease of 30.30% from the peak in 2007, but this is having a positive effect on the market – particularly when it comes to foreign purchasers.

    No doubt it’s up from Q4, but not from Q1 a year previously???

  • #117170
    Profile photo of angie
    angie
    Spectator

    This article carries the most amateurish and misleading headline yet so don’t be fooled by it 😡

    It suggests ‘house sales in Spain are up 28.73% for Q1’ when they are not. It then goes on to say misleadingly they were actually ‘up 28.73% in Q4 2012’ so which is it? Well neither really, dig deeper and the rise is only up that much COMPARED to the numbers sold in Q4 2012 and only because of the ending of the 4% tax on new properties which has now risen to 10% so people tried to beat the rise.

    In fact the true figure for Q1 2013 shows home sales were down 21.5% compared to the same quarter for 2012.

    Further it is an estate agent written article for Mercers, well actually by Sarah Drane who we once met, she started her own PR and Marketing Company and one of her clients is ‘guess who?’ Mercers, so vested interest 😆

    Now same Sarah Drane moved from the Costa del Sol to Majorca, you’d be surprised to learn she cannot even sell her own home near Marbella, Ojen actually which she’s had on the market for years.

    The headline for this topic is incorrect, they are simply not up 28.73% for Q1, they are down 21.5% and people can be fooled by this nonsense 🙄 😡 Take it with a pinch of salt 😉

  • #117171
    Profile photo of katy
    katy
    Spectator

    Remember this a couple of weeks ago, official INE stats.

    La venta de viviendas cayó en marzo el 12,6 % interanual

    Respecto al mes de febrero, descendió un 37,8 %, lo que supone la tasa más baja de los últimos cinco años

  • #117174
    Profile photo of angie
    angie
    Spectator

    katy, I remember not so long ago Logan said something like ‘If I can stop just one person being misled from buying property in Spain’ following similar misleading headlines he’d consider that was worthwhile. I totally agree with him 😛

    OK to buy property there with eyes wide open provided it’s not through being misled and incorrect facts as soooooo many have in the past 🙄

  • #117176
    Profile photo of DBMarcos99
    DBMarcos99
    Participant

    The article appears to have come from this Spanish one

    http://cincodias.com/cincodias/2013/05/29/economia/1369816219_607342.html

    De enero a marzo, la compraventa de viviendas ha aumentado un 28,72% respecto al trimestre anterior, hasta un total de 100.768 operaciones, lo que supone el mayor resultado de los últimos ocho trimestres. Pero hay que tener en cuenta que los datos de los registradores reflejan en realidad las ventas realizadas uno o dos meses antes.

    House sales registered in the first quarter did rise 28.72% compared to the previous quarter, to 100,768 sales (the best quarterly figures in the last 8 quarters) however many of those sales were actually carried out in the previous quarter.

    Stats are from the Estadística Registral Inmobiliaria del Colegio de Registradores de la Propiedad

  • #117177
    Profile photo of angie
    angie
    Spectator

    Yes we see where the article comes from but it is misleading nonetheless, as explained here and on the topic that house sales in Spain are in fact down for the 1st quarter compared to the equivalent quarter in 2012.

    The fact that it was agent led, and composed by Sarah Drane who is well known on the coast for PR/Marketing, used to be in cahoots with an agent selling plots at La Zagaleta etc, then with a company pushing motor racing days and other events for birthdays and corporates. Now, Ms Drane is oft talked about on House Price Crash and other forums, not trusted either, another so called Spanish property expert who got it wrong even with her own property, who later regretted her ‘decision to buy her home in Ojen’ and because it won’t sell ‘pretends it doesn’t exist’ and was fearful of ‘facing negative equity in 2011’

    Not someone I would want nor trust to write an article on Spanish property and worse, on behalf of an agent 😯 🙄 😆

  • #117189
    Profile photo of Anonymous
    Anonymous
    Participant

    @angie wrote:

    Yes we see where the article comes from but it is misleading nonetheless, as explained here and on the topic that house sales in Spain are in fact down for the 1st quarter compared to the equivalent quarter in 2012.

    The fact that it was agent led, and composed by Sarah Drane who is well known on the coast for PR/Marketing, used to be in cahoots with an agent selling plots at La Zagaleta etc, then with a company pushing motor racing days and other events for birthdays and corporates. Now, Ms Drane is oft talked about on House Price Crash and other forums, not trusted either, another so called Spanish property expert who got it wrong even with her own property, who later regretted her ‘decision to buy her home in Ojen’ and because it won’t sell ‘pretends it doesn’t exist’ and was fearful of ‘facing negative equity in 2011’

    Not someone I would want nor trust to write an article on Spanish property and worse, on behalf of an agent 😯 🙄 😆

    Like there is a nature law to compare it with 2012. In statistics you can compare everyting and its not misleading.

  • #117194
    Profile photo of angie
    angie
    Spectator

    Sales of Spanish property fell in Q1 so not a lie, swed you’d believe an agent then, they will love you, 😆 found your property yet, don’t forget the 12% completion costs? 🙄

  • #117200
    Profile photo of Anonymous
    Anonymous
    Participant

    @angie wrote:

    Sales of Spanish property fell in Q1 so not a lie, swed you’d believe an agent then, they will love you, 😆 found your property yet, don’t forget the 12% completion costs? 🙄

    Like thats relevant for the question. 🙄

    I recomend getting at academic degree instead of being bitter at forums.

  • #117204
    Profile photo of angie
    angie
    Spectator

    So you’re still looking for a property are you, and don’t want to know what’s going on, not sure I believe you, wonder why people like you think the truth is ‘bitter’, truth hurts does it? 🙄 There’s a lot of people out there who are happy to learn the truth :mrgreen:

    Still doesn’t alter the fact house sales were down in the 1st quarter 🙄

  • #117210
    Profile photo of DBMarcos99
    DBMarcos99
    Participant

    @angie wrote:

    So you’re still looking for a property are you, and don’t want to know what’s going on, not sure I believe you, wonder why people like you think the truth is ‘bitter’, truth hurts does it? 🙄 There’s a lot of people out there who are happy to learn the truth :mrgreen:

    Still doesn’t alter the fact house sales were down in the 1st quarter
    🙄

    Wrong – we’ve established that according to the Estadística Registral Inmobiliaria del Colegio de Registradores de la Propiedad sales were up 28.7%
    Now those figures have to be taken with a bit of salt, as they include previous quarter movements – so the overall trend can still be down. But over 100,000 transactions, and nothing to do with your Drane red herring

    De enero a marzo, la compraventa de viviendas ha aumentado un 28,72% respecto al trimestre anterior, hasta un total de 100.768 operaciones, lo que supone el mayor resultado de los últimos ocho trimestres. Pero hay que tener en cuenta que los datos de los registradores reflejan en realidad las ventas realizadas uno o dos meses antes.

  • #117221
    Profile photo of angie
    angie
    Spectator

    Marcos, the point is the headline although not of your making could be misleading to naive prospective buyers when comparing the year on year stats which shows sales were down in Q1 2013 by 21.5%. Many stats appear to compare Y on Y figures 🙄

    Drane red herring you’re joking, you clearly don’t know her and doubt you knew she was a PR Marketing person who writes reports for agents in Spain etc, fact is she wrote the article and those that know her history would take such with a pinch of salt, she is paid to paint a rosy picture of things when they’re not, yet :mrgreen:

    Seriously though, you know and like Spain, wish to live there, but how well do you know the CDS, are you considering visiting it soon as you recently suggested if only to gain more knowledge of the area? 🙄

  • #117240
    Profile photo of katy
    katy
    Spectator

    @dbmarcos99 wrote:

    @angie wrote:
    So you’re still looking for a property are you, and don’t want to know what’s going on, not sure I believe you, wonder why people like you think the truth is ‘bitter’, truth hurts does it? 🙄 There’s a lot of people out there who are happy to learn the truth :mrgreen:

    Still doesn’t alter the fact house sales were down in the 1st quarter
    🙄

    Wrong – we’ve established that according to the Estadística Registral Inmobiliaria del Colegio de Registradores de la Propiedad sales were up 28.7%
    Now those figures have to be taken with a bit of salt, as they include previous quarter movements – so the overall trend can still be down. But over 100,000 transactions, and nothing to do with your Drane red herring

    De enero a marzo, la compraventa de viviendas ha aumentado un 28,72% respecto al trimestre anterior, hasta un total de 100.768 operaciones, lo que supone el mayor resultado de los últimos ocho trimestres. Pero hay que tener en cuenta que los datos de los registradores reflejan en realidad las ventas realizadas uno o dos meses antes.

    So are you saying that INE. Instituto Nacional de Estadistica is lying 😕

  • #117241
    Profile photo of Anonymous
    Anonymous
    Participant

    Sales were down according to the notaries (more timely figures) and up according to the registrars (counting sales that took places in previous months).

    Regardless of when they are counted and by who, I can assure you that actual sales will be down in the first half of this year.

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