Property transfers decreased 4.5% in January

INEThe National Institute of Statistics (INE) has released statistics for the Transfer of Property Rights in January 2012, showing a 4.5% decrease over the previous month.

The number of property transfers recorded in the land registries, from public deeds previously registered, was 151,186 in January, that is, 4.5% less than for the same month in 2011, and 31.4% more than in December 2011.

In the case of registered merchantings of property, the number of transfers was 71,623, representing an interannual decrease of 18.6%, and an increase of 42.3%, as compared with the previous month.

Merchantings recorded in the land registries

86.2% of the registered merchantings corresponded to urban properties and 13.8% to rustic properties. Among the urban properties, 53.6% were merchantings of dwellings.

The number of merchantings of rustic properties increased 10.6% in the interannual rate in January, while that of urban properties decreased 21.9%. Within the latter, merchantings of dwellings decreased 26.3%.

Registered merchantings of dwellings, by protection system and status

86.2% of transfers of dwellings by merchanting in January were free housing, and 13.8% were protected housing. In interannual terms, the number of transfers of free dwellings by merchanting decreased 28.1% and that of protected dwellings decreased 12.7%.

54.1% of the dwellings transferred by merchanting in January were new, and 13.8% were used. The number of transactions on new dwellings decreased 17.5%, and the number of used dwellings decreased 34.5%, as compared with January 2011.

Geographical distribution

In January 2012, the total number of property transfers recorded in the land registries per 100,000 inhabitants¹ was highest in the Autonomous Communities of La Rioja (742), CastillaLa Mancha (690) and Castilla y León (676).

The Autonomous Communities showing the highest number of registered merchantings of property per 100,000 inhabitants¹ were La Rioja (365) and Castilla-La Mancha (329).

By registered merchantings of dwellings, the Autonomous Communities in which the number of transfers per 100,000 inhabitants¹ was highest was La Rioja (148).

59.5% of merchantings of dwellings in November 2011 were recorded in four Autonomous Communities: Andalucía, Cataluña, Comunidad de Madrid and Comunitat Valenciana.

The full report can be downloaded here: Statistics on Transfer of Property Rights – Jan 2012

¹ This data was calculated from the revision of the figures of the Municipal Register for the year 2011. Only the population aged 18 to 84 years old was considered.