Re: Spanish house sales drop 3.7% in May


SPI News Feed

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.