Figures for property sales in Spain have shown a small improvement for Q4 of 2009 and the government there has seized upon the opportunity. Sales are shown to be up by over 4% in Q4, compared to the same period of the previous year, with increased sales in Barcelona and Madrid.
The problem is that the sales activity in these two cities at the end of 2009 was so impressive, it elevated the national average and overshadowed the performance of places such as Las Palmas and The Canaries. Barcelona saw a 35% increase in sales with Madrid performing better at over 40%.
However, it seems to be a mystery as to why this should be, leaving industry professionals baffled by the statistics. Anyone who is selling a property in Spain at the moment shouldn’t get too excited about the figures either.
This small and unexplained upturn pales into insignificance when you realize that as a whole, sales figures for the year were down nearly 20% and 46% down on 2007’s figures. Sales and property prices in Spain face a tough year in 2010 and canny investors know that by waiting better deals that are on the way.
Source:propertyworld
