Property sales fell in 2011

The National Statistics Institute have released data showing a decline in the number of property sales in 2011.

Despite a good start to the year when sales figures showed a slight increase the year finished with 17.7% fewer sales than the previous year.

The total sales figure stood at 361,831, with 49% for sales of new properties and 51% for resale properties. This is a decline of 19.7% (177,236 transactions) for new dwellings and a decline of 15.7% (184,595 transactions) for resales.

In 2011, the total number of property transfers recorded in the land registries per 100,000 inhabitants was highest in the Autonomous Communities of Castilla y León (7,428), and La Rioja (6,839).

In Andalucia there werea total of  255,554 property transfers which represents 3,881 per 100,000 inhabitants. Overall 60% of the countries merchantings of dwellings were in the regions of Andalucía, Comunidad de Madrid, Comunitat Valenciana and Cataluña.

Of the total transfers in Andalucia 72,412 were for the transfer of dwellings, much higher than Madrid which followed with 49,194 transfers. Valencia was next with 48,198 transfers, and Cataluña with 47,118.

Nationally there were an average of 960 transfers of dwellings per 100,000 inhabitants.

You can see the full report here: Statistics on Transfer of Property Rights Year 2011 and December 2011.