Sunday, 13 December 2009

Glimmer of hope for Spanish property market as sales rise

As published on Property community.com on the 23rd November there are signs that spanish property market could be set to improve. With the market bottoming out and sales stabilising.

Ray Clancy reports residential property sales were up 7.4% in September. Whilst this may be good news the figures also show the prices are down 19% compared to this time last year.

However this could still be good news for those seeking a bargin as average prices have fallen by 7.4% year on year.

Lower prices could help boost sales, according to various parts of the real estate industry. With spanish banks such as Banesto offering properties for sales with discounts up to 40%.