Sales on the up in Spain

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HOMES sales in Spain continue to recover with lasts figures showing a rise in transactions of 1.9 per cent in April.

But that rise has not been matched by a price rise, in fact the cost of homes fell 3.9 per cent on average year on year.

According to the General Council of Notaires there were a total of 30,758 completed sales in April with an average final price of €1,188 per square metre for new homes.

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The report also added that the number of mortgaes available had risen 12.3 per cent in the 12 months up to April with the average mortgage being €122,119 (up 9.2 per cent in the same period).

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