Tracking Spanish house sales in 2013

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This topic contains 18 replies, has 6 voices, and was last updated by Profile photo of Anonymous Anonymous 3 years, 4 months ago.

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  • #57543
    Profile photo of Anonymous
    Anonymous
    Participant

    This thread is for all the data on Spanish house sales in 2013, in other words the Spanish property market by volume.

    Starting with the latest figures from the Property Register.

    They registered 100,768 homes sales in Q1, 22,487 more than the previous quarter (+29pc). But we know the increase was all due to the end of tax breaks bringing sales forward, so we also know that sales are going to slump in the next quarter. Overall, the fiscal changes will squeeze the market and reduce sales.

    At last the registrars have started breaking down sales by nationality in their quarterly reports, something they only did in the annual report until now.

    Foreigners made up 8.63pc of the market in Q1, up from 8.12pc in 2012, so the importance of foreign buyers continues to grow. The Brits were the biggest group (15pc), followed by the Russians on 9pc. Germans still staying away…….

  • #117378
    Profile photo of SPI News
    SPI News
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    There were 23,642 registered property purchases made in April up almost 11% on April 2012 according to the Instituto Nacional de Estadística. This positive news comes after very poor March data which showed a 12% annual fall in sales.

    April’s figures demonstrate its highest monthly increase in purchases since 2009 when compared to March with a 6.8% rise.

  • #117401
    Profile photo of Anonymous
    Anonymous
    Participant

    Here is the monthly breakdown of the INE house sales figures that are the best guide to where the market is heading (based on registry figures, so with some time delay).

    The market has recovered a bit after the fiscal-change-inspired collapse in March. It was the best April in 3 years for sales, though that’s not saying much. Year to date the market is still 10pc bigger than last year, which I believe will turn out to have been the bottom of the market in terms of sales volumes (but not necessarily in terms of value).

  • #117414
    Profile photo of angie
    angie
    Spectator

    Word of warning though on data, from Kyero:

    ‘Spain’s housing market has a variety of official and not so official sources providing their own reports on the total number of properties sold’

    ‘Tellingly it’s new build property sales which are taking the biggest hit’ due to the VAT hike.

    ‘Certainly a 37% drop in new build sales is a clear sign that many investors will have either completed their sale at the end of 2012 or are now waiting until new house prices drop in price to compensate for the tax changes creating substantial pressure to drop prices and offer greater bargains in new build’

    Moody’s reckon ‘new house prices in Spain will continue to decrease at least for the next 5 years’ 😯

  • #117417
    Profile photo of katy
    katy
    Spectator

    Moody’s reckon ‘new house prices in Spain will continue to decrease at least for the next 5 years’ 😯

    Poof…what do they know compared with a few property experts…er estate agents 😆 Lucky they don’t post on here as they would be accused of being negative :mrgreen:

  • #117419
    Profile photo of angie
    angie
    Spectator

    What do they know katy, they’re only a two bit credit ratings and financial market analysts that aren’t worth a mention really, wish I hadn’t posted that bit from Kyero and what the hell do they know either? 😉 😆

  • #117468
    Profile photo of angie
    angie
    Spectator

    There seem to be so many topics on the same subjects now it’s difficult to know where to post replies, but as this topic says it’s ‘ all about the data on Spanish house sales in 2013’, we can see there are some 570 Private Sales on SPI or posts to those numbers 🙄

    So my question is, do they and other private sales of which there are many, form part of the 2.25 million properties that officially are on the market? 😯 🙄 This is a question on Data 🙄

  • #117482
    Profile photo of angie
    angie
    Spectator

    mg, agree there are so many markets, data bases in Spain so it’s difficult to know the truth.

    The most recent revelation by RR de Acuna & Asociados Madrid that numbers of properties for sale in Spain has risen from 2 million to 2.25 million was a shock.

    Their own website says ‘Our Company has one of the largest data supports in the country’ ‘In the real estate sector we consider that this is the largest that exists in Spain in terms of depth and numbers of records’

    My question to the ‘experts on here is still as it was, ‘do these figures include the 570 private sales on this site plus all the other private sales in Spain’? 🙄

  • #117512
    Profile photo of SPI News
    SPI News
    Participant

    Data released by the General Counsel of Notaries shows a 12% rise in year on year sales in April.

    The number of houses sold in the month was 26,177 according to their statistics.

  • #117515
    Profile photo of angie
    angie
    Spectator

    Who are correct the notaries or Kyero who say the rise is 10.8% to 23,578 ? Spanish Stats are all over the place, but a rise is a rise 😯 🙄

    Meanwhile the so called ‘experts’ are somewhat coy on previous question 😥

  • #117567
    Profile photo of Chopera
    Chopera
    Participant

    Neither Moody’s or Kyero know bugger all about the Spanish property market. Neither do I, but I don’t get paid for my ignorance (at least when it comes to property 😉 )

    I don’t understand Angies’s question – all sales get registered (both private and errr “public”) so they will show up in the data.

    Also I don’t understand this graph:

    2012 ends with about 21,000 sales but 2013 starts with about 35,000. It implies a jump of about 15,000 sales in December 2012. I guess sales might have shot up with the impending fiscal changes but that’s one hell of a jump.

  • #117568
    Profile photo of angie
    angie
    Spectator

    chopera, I thought my question was straight forward, I’m talking about the number of properties we are told are for sale. So, if Acuna says there are 2.25 million for sale, I’m asking if these include the private Se Vendes as well, or those listed with agents and developers 😕 🙄

    I’m not doubting ‘all sales get registered whether private and errr public’, just the numbers for sale, errr!! 🙄

  • #117569
    Profile photo of Chopera
    Chopera
    Participant

    @angie wrote:

    chopera, I thought my question was straight forward, I’m talking about the number of properties we are told are for sale. So, if Acuna says there are 2.25 million for sale, I’m asking if these include the private Se Vendes as well, or those listed with agents and developers 😕 🙄

    I’m not doubting ‘all sales get registered whether private and errr public’, just the numbers for sale, errr!! 🙄

    Angie I’m getting déjà vu:

    viewtopic.php?f=30&t=6766&p=64173&hilit=private+sale#p64173

  • #117614
    Profile photo of katy
    katy
    Spectator
  • #117620
    Profile photo of SPI News
    SPI News
    Participant

    After an 11% year on year rise in property purchases in Spain for April May’s data shows a 3.7% year on year fall according to the Instituto Nacional de Estadística (INE).

    The number of purchases rose 11.2% from April to May which is the lowest such increase for 3 years.

    The poor figures for May have been largely caused due to weak sales of new builds as purchases of resale housing rose 2.3% year on year for the month.

  • #117640
    Profile photo of SPI News
    SPI News
    Participant

    After the rebound in house purchases recorded in April (12% rise), figures for May are negative showing a 1.2% year on year fall after 28,659 sales were registered for the month.

    This marks a return to contraction of the Spanish real estate market although still not as extreme as that which was observed during the first few months of the year.

    However there is a large difference evident in the performance of different areas of the Spanish property sector as new build housing purchases fell 45% while resale property purchases rose 21.7% year on year.


    A graph showing the evolution of the number of house purchases (green) and mortgages granted (blue) since July 2007

  • #117648
    Profile photo of Anonymous
    Anonymous
    Participant

  • #117691
    Profile photo of Anonymous
    Anonymous
    Participant

    @chopera :

    ” Neither Moody’s or Kyero know bugger all about the Spanish property market. Neither do I, but I don’t get paid for my ignorance “

    Love it Chopera. You should looking for a career change !!!!!!!!!!

  • #117718
    Profile photo of Anonymous
    Anonymous
    Participant

    @chopera wrote:

    2012 ends with about 21,000 sales but 2013 starts with about 35,000. It implies a jump of about 15,000 sales in December 2012. I guess sales might have shot up with the impending fiscal changes but that’s one hell of a jump.

    That’s exactly what happened.

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