According to Premier Marbella news sources, the annual rate of Spanish property sales recorded in Property Registry Offices stands at 12,8% for October, as compared to 0.9% for September. The number of property transfers recorded in Property Registry Offices from the Title of Public Deeds previously registered was 130.109 in October, that is 6.5% more than for the same month in 2011 and 6.8% higher than in September 2012.

In the case of Spanish property sales recorded in Land Registry, the number of transfers was 57,182 representing an annual increase of 11.2%, and an increase of 2.2%, as compared with the previous month. In total 83.9% of the property transfers recorded in the Land Registry Offices in October corresponded to urban properties and 16.1% to rustic properties.

Leading Marbella property specialist Romano Keogh commented that the strong tourism industry in Spain is helping support the country’s property market, with sales volumes increasing in September. Strong visitor numbers have helped attract more buyers and bring an notable increase in Spanish property sales. Also foreign spending has increased in Spain this year particularly among British tourists who have been getting more for their money considering the strength of the pound over the euro.

Leading luxury property developer Taylor Wimpey de Espana, revealed that the firm experienced a 22% rise in the number of real estate transactions in September, compared to the same period in 2011.This figure is even more impressive on the Costa del Sol, whereby their sales are up by 52% in the year to date, compared to the first nine months of last year.

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