Property market rises… but not on the Costa del Sol

LAST UPDATED: 23 Feb, 2011 @ 11:21
0
SHARE
Property market rises… but not on the Costa del Sol

THE Spanish home market is at last showing good signs of recovery.

The year’s end figures show that nationwide the property market has gone up 6.8 per cent.

It is the highest rise since 2007.

However, the transaction levels were still significantly down on those seen at the height of the market in 2007. Property sales reached 441,386 in Spain last year, compared to 775,300 at the market’s peak.

The good news also failed to touch the Costa del Sol, with sales dropping by 9.1 per cent in 2010 on 2009.

Analysts were at least comforted by the fact that the drop was much less than in the previous two years when it dropped by 32 per cent.

BE THE FIRST TO COMMENT...

The Olive Press are not responsible and do not moderate individual comments before they are posted. Anyone who uses racist, sexist, homophobic or xenophobic language or hate speech will be blocked.

HAVE YOUR SAY...