According to Premier Marbella news sources, property sales in Spain increased by 17.3% in February from the same month in 2012, to a total of 35,486 transactions, thus stringing three consecutive months of annual gains, according to the National Statistics Institute (INE).
The end of the tax benefits for the purchase of property in Spain from January 1 this year could be behind this increase in transactions, because of the delay in logging entries in the property registry (sales which closed a few months ago).
The transaction of previously owned homes rose 16.5% in February year on year, adding up to 16,723 operations, while that of new homes rose 18%, to 18,763 transactions. 86.1% of property sales in Spain were private homes, which meant an increase of 18% to 30,555 operations. The state housing operations were 4931, with a rise of 13.4% compared to February 2012.
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