Property Point Marbella – House sales up 13pc in Q3

Article courtesy of Spanish Property Insight, for more information on properties along the Costa Del Sol visit our site at http://www.propertypointmarbella.com

 Registrars (who record all new title deeds in the property register) reveal that residential property transactions rose by an annualised 13pc in Q3 to 124,593 sales, with new build sales up 9pc and resales up 17pc.

  On a rolling 12-month basis, there were 454,283 sales over 12 months to the end of Q3, up an annualised 4pc and a quarterly 3pc. Even if a percentage of these sales were banks swapping debt for property, I think we can see from the chart below the market has found its floor at  around 400,000 transactions per year.