PROPERTY sales in Spain increased by 12.1 per cent in the second quarter of the year.
According to the Ministry of Development, sales went up 12.1 per cent compared to the same term in 2010 and amounted to 91,338 transactions.
Second-hand property purchases and sales held a 84.3 per cent share of the market between April and June whereas new houses held only a 15.7 per cent share (14,296).
The majority of the transactions were registered in Madrid with 6,705 transactions, followed by Barcelona (3,395), Valencia (1,633), Sevilla (1,293), Zaragoza (1,286), Torrevieja in Alicante (1,216) and Marbella (Malaga) (1,165).
The statistics released by the Ministry of Development show the ‘singularity’ of such an increase, since neither the second quarter of this year nor the one in 2013 were influenced by tax bonuses.
Statistics released by the Ministry of Development also reveal that the purchases carried out by foreigners residing in Spain reached an historical record with 14,952: a 20 per cent improvement compared to the same quarter of the previous year.
Alicante has taken a lead position with 3,993 houses sold to foreigners between April and June, followed by Malaga (2,222) and Barcelona (1,317). In addition, foreigners who do not live in Spain bought 1,202 houses which represent an increase of 13.7 per cent compared to the previous year.