Ultimate Homes - Property News Spain

Mid-February already - where does the time go I ask myself? After January's extended holiday period  in Spain and not forgetting what seemed like never-ending blue skies and that Spring had come early, we are really suffering here now with cold temperatures of around 13º to 15º Centigrade. Of course it does depend on what you are used to but when temperatures drop below 15º, the winter jackets come out again.

With respect to the property news, well official sales numbers were released last week published by the National Statistics Institute confirming that the number of property sales fell by just over 11% in the year 2012, which marks two years of declines and the fourth time in five years that property sales have decreased.

The news is released in advance of a more detailed report and analysis which will reveal for example specific data relating to foreign buyers. And expectations here are that the percentage of foreign buyers buying property in Spain will have increased between 15 and 20% compared to the previous year, 2011.

The local property market though continues to show improvement with increases in sales during the month of December, and overall the final quarter of the year was a very busy quarter especially for us. The lure of cheaper property and banks keener than ever to off-load their real estate assets has kept us busy for several months now, and with signs that prices are even bottoming out, there is no shortage of new enquiries from possible buyers.

As always we will endeavour to keep readers up-to-date with news and great offers but please feel free to contact us or comment below on anything that might be of interest.