IT’S taken two years but year-on-year house sales rose for the first time in two years.
According to December’s sales figures 2,059 homes were sold in Malaga province, a 30 per cent increase on the same month in 2008, according to figures from the National Statistics Institute.
Housing market expert Jose Antonio Perez is confident the recent figures are an indicator that the property sector freefall is nearing an end.
Perez explained that low interest rates and the fact that IVA is set to rise in July are all encouraging people to buy once again.
However, the positive news was tempered by the huge year-on-year falls registered earlier on in 2009.
Some months saw declines of more than 40 per cent compared to 2008’s figures.
In total, 22,531 homes were sold last year in the province, a drop of 21 per cent compared to statistics for 2008.