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March 18, 2014

The cost of real estate in Spain rises?

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The College of Notaries of Spain , the government institute responsible for the obligatory registration of all transactions with the real estate of the country, published official data on the state of the Spanish property market in early 2014. According to published data, the value of Spanish property rose in January 2014 to 9 %, which does not correspond to the date of the National Statistics Institute , who noted decline in property prices in Spain in January 2014.

The statistics of notaries of Spain also states that the number of transactions for the purchase and sale of Spanish property in January 2014 increased by 60%. At the same time , sales of new homes increased by 109% and sales of secondary real estate rose by 48.5 %. Thus , these data indicate clearly enough the stabilization of the real estate market in Spain in early 2014.

It may seem surprising, but official figures show that the cost of the Spanish real estate began to rise , in particular , in January 2014 , this cost increase was 8.9% , which is read as data on registered transactions for the sale of real estate in Spain. General Council of Notaries of the country published such data, according to which , also increased the number of real estate transactions , namely 59.2% , when viewed in the interannual term , namely, 23,368 transactions were registered in the Spanish real estate , of which 15,085 transactions were made with resale properties and new property in Spain was bought in 2,717 cases , more than double the number of transactions for the same period last year.

Thus appear confident and confirmed signs of stabilization of Spanish property market , of which experts have already started talking at the end of last year. In addition, the College of Notaries of Spain notes that in January 2014 there was an increase in cost per square meter of real estate . With an average of 1,294 euros per 1 square meter, which is 8.9 % more than in January 2013.

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