Andalusian property sales decrease 9.31 percent in first quarter of 2012
The sale of Andalusian properties fell by 9.31 percent in the first quarter of 2012 compared to the previous quarter, reaching a total of 17,240 property transactions in the first three months of the year
According to the College of Property Registrars Statistics for the first quarter of 2012, the largest drop was seen in the sale of resale properties, which saw 7,681 property transactions in the last three months, a 10% decrease over the previous quarter. As for the new properties, there were 9,559 property transactions, 8.72 percent less than the previous quarter.
Thus, by looking at the level of Spanish property sold in the first quarter of 2012, Andalusia made up 18.7% of all residential property transactions.
Analyzing the year-on-year data for Andalusia there have been 67,145 residential sales, a 22.41 percent decrease in relation to the same quarter in 2011. New property sales fell by 22.73 percent to 36,231 transactions, and resale’s properties saw a decrease of 22.02 percent in the first quarter of 2012, 30,914 property sales.
DATA BY PROVINCE
By provinces, of the 17,240 transactions recorded in Andalusia in the first quarter of 2012, 4,623 were registered in the province of Malaga, which saw a drop of 6.71 percent over the previous quarter, 3,491 in Seville, a decrease of 11.03 percent, 2,358 in Cadiz (-7.5 percent), 1,989 in Almeria, a decline of 10.44 percent, 1,605 in Granada (-13.53 percent); Cordoba 1,177 (-8.4 percent), 1,034 in Huelva, a decrease of 9.84 percent during the first quarter of 2012 and 963 in Jaén (-9.71 percent).
Malaga, home to the Costa del Sol remains the strongest province in Andalusia due to it’s popularity in both Spain and the international market.