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Home sales up 7pc in Q1

A new report from Spain’s Property Registrars suggests that transactions – the lifeblood of the property market – are bottoming out, though it is still too early to declare a recovery under way.

The number of property deeds of sale inscribed in the property registry rose by 7% in Q1 compared to same period last year, according to the latest report from Spain’s College of Property Registrars. This is the first time in several years that annualised sales have risen in a quarter.
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Spanish House Price Index - June 2010

Month-Year Spain Coastal Inland
06-2009
07-2009
08-2009
09-2009
10-2009
11-2009
12-2009
01-2010
02-2010
03-2010
04-2010
05-2010
06-2010
-10.1
-9.2
-8.9
-8.3
-7.4
-6.6
-6.6
-5.5
-5.5
-5.3
-4.6
-4.4
-4.4
-12.3
-10.9
-10.3
-11.5
-9.9
-8.9
-7.6
-7.1
-8.2
-7.8
-5.2
-4.1
-5.2
-9.8
-8.3
-8.7
-7.7
-5.8
-6.2
-6.8
-3.6
-3.8
-4.0
-3.8
-4.9
-3.0

The graph and table data represent the year-on-year evolution of Spanish property values. For example, if the value for August 2009 would be -3.9, then this means that average property prices in August 2009 are 3.9% lower than they were a year earlier, in August 2008.

The graph and table on this page contain up to date information for the past 13 months. For more information, please look at earlier monthly reports, or the historical overview since January 2001.

The graph and table data are based on actual property valuations, as established by one of Spain's larget independent property valuation companies, Tinsa S.A. They are not based on asking prices or registered selling prices, nor on the statistics as provided by the Spanish Ministry of Housing, and are therefore considered to be the most acurate and reliable source for this kind of information.

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