Re: Re: Official figures claim Spanish property prices rising

#100870
Anonymous
Participant

Also although we can knock general property stats in regards to prices (due to under-declaring, etc… which skewered current figures), the INE stats are based on land registry figures. So only once changed in the land registry are they used.

This is true Fuengi but my understanding is that historically the official figures have been made irrelevant by the amount of transactions that have been reported at lower than sales value to avoid tax. The balance usually being paid in cash.

From what I read this practice is becoming much less prevalent. If so, in quite some years to come, the recorded price variations could well become useful. As it stands they are meaningless.