What Areas are Moving?

Hi Wanderer,

We provide a FREE property finding service which covers mainly the Costa Blanca, since Christmas, we have started to see a move towards buying again in this area, though property in this area is still below what it was 2 years ago, I feel we have now reached the bottom as we note prices are now starting to rise again.

With the increase in the pound, I feel that the number of people looking for that Bargain will increase and that will push up the prices again. The biggest mover is around Denia in the north and Algorfa/Guardemar/Villamartin area in the south.

Dave

> Hello All

This is a question open to all, and Real Estate professionals.
Which areas in Spain are seeing movement in sales.

Thanks



According to the INE, property sales are up 2.2% compared to March 2009 and down 5.3% compared to February 2010.

Of the 82,623 property sales, 88.5% corresponded to ?urban? properties, of which 37,561 were dwellings. The sale of dwellings has increase by 9.0% year on year and decreased by 8.5% month on month for March 2010.

Of the total dwellings sold, the trend of near parity between new and resale properties appears to be continuing with the level of new builds making up 48.9% of the total sales. With total sales of new build standing at 18,349, this is a decrease year on year of 4% and a month on month decrease of 14.1%. This month on month decrease can be explained due a ?spike? in new build completions from the month of February. The resale market has faired better with 19,212 sales in March, a year on year increase of 25.1% and only a drop of 2.3% month on month.

Of the 37,561 urban dwellings sold in March, 10.5% were protected housing. Of the total 33,632 ?free? properties that were sold, Andaluc?a accounted for 19.03% (or 6,343) of the total. Unlike the national statistics, that show an even split between the sale of new build and resales, Andaluc?a had 54.9% (3963) new build property sales and 45.1% (3256) resales. The higher percentage of new builds in Andaluc?a as compared to the national statistics can be primarily explained by the ?property investment? boom over the last decade.

source: [email=http://arribaestates.com/blog/index.php/2010/05/12/spanish-property-market-march-2010/]Spanish property market march 2010[/email]