Property sales figures still falling

INEThe Instituto Nacional Estadística (INE) have released data showing the number of property transfers decreased 8.7%, compared to February 2011.

The number of property transfers recorded in the land registries, from public deeds previously registered, was 150,422 in February, that is, 8.7% less than for the same month in 2011, and 0.5% lower than in January 2012.

In the case of registered merchantings of property, the number of transfers was 67,217, representing an interannual decrease of 22.7%, and a decrease of 6.2%, as compared with the previous month.

Merchantings recorded in the land registries 

85.9% of the registered merchantings corresponded to urban properties and 14.1% to rustic properties. Among the urban properties, 53.2% were merchantings of dwellings.

The number of merchantings of rustic properties increased 9.5% in the interannual rate in February, while that of urban properties decreased 26.2%. Within the latter, merchantings of dwellings decreased 31.8%.

Registered merchantings of dwellings, by protection system and status 

85.6% of transfers of dwellings by merchanting in February were free housing, and 14.4% were protected housing. In interannual terms, the number of transfers of free dwellings by merchanting decreased 32.4% and that of protected dwellings decreased 28.6%.

53.5% of the dwellings transferred by merchanting in February were new, and 46.5% were used. The number of transactions on new dwellings decreased 26.5%, and the number of used dwellings decreased 37.1%, as compared with February 2011.

Geographical distribution

In February 2012, the total number of property transfers recorded in the land registries per 100,000 inhabitants¹ was highest in the Autonomous Communities of Castilla y León (642), Aragón (636) and Castilla-La Mancha (635).

In Andalucía there were 21,380 property transfers recorded in the land registries. This represents 322 transfers per 100,000 inhabitants¹. This can be further broken down by property type. Of the total transfers 3,548 were rustic properties, 10,413 were urban dwellings, and 1,267 plots. “Other urban properties” made up the remaining 6,152.

The Autonomous Communities showing the highest number of registered merchantings of property per 100,000 inhabitants¹ were La Rioja (273) and Castilla-La Mancha (261).

By registered merchantings of dwellings, the Autonomous Communities in which the number of transfers per 100,000 inhabitants¹ was highest was Illes Balears (104).

59.5% of merchantings of dwellings in February 2012 were recorded in four Autonomous Communities: Andalucía, Cataluña, Comunidad de Madrid and Comunitat Valenciana.

You can download the full press release here: Statistics on Transfer of Property Rights – February 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.

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