June shows 14.4% decrease in property sales

Property transfers decreased in June

The number of property sales in June was 54,447 representing a decrease of 14.4% compared to the same period last year, and a decrease of 9.3%, as compared with the previous month.

This is according to figures released by the National Institute of Statistics (INE) which shows that of the total 25,405 were residential showing a decrease of 11.4%.

Statistics on Transfer of Property Rights - June 2012.

The number of property transfers recorded in the land registries, from public deeds previously registered, was 130,294 in June, that is, 8.1% less than for the same month in 2011, and 8.1% lower than in May 2012.

In the case of registered merchantings of property, the number of transfers was 54,447,representing an interannual decrease of 14.4%, and a decrease of 9.3%, as compared with the previous month.

Merchantings recorded in the land registries

84.9% of the registered merchantings corresponded to urban properties and 15.1% to rustic properties. Among the urban properties, 55.0% were merchantings of dwellings.

The number of merchantings of rustic properties decreased 7.8% in the interannual rate in June, while that of urban properties decreased 15.5%. Within the latter, merchantings of dwellings decreased 11.4%.

Registered merchantings of dwellings, by protection system and status

87.3% of transfers of dwellings by merchanting in June were free housing, and 12.7% were protected housing. In interannual terms, the number of transfers of free dwellings by merchanting decreased 10.1% and that of protected dwellings decreased 19.6%.

47.7% of the dwellings transferred by merchanting in June were new, and 52.3% were used. The number of transactions on new dwellings decreased 12.3% and the number of used dwellings decreased 10.6%, as compared with June 2011.

You can see the full press release here: Statistics on Transfer of Property Rights - June 2012

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