12% rise in New Build Property Inscriptions (sales) in Spain

The Spanish Property Register has shown a 12% increase in the number of new build sales during April compared to last year, and a 22% increase over March.

The numbers are derived from the Spanish National Institute of Statistics (INE) which uses the number of property deeds inscribed in the register following notarisation. Overall the Spanish property market in April shrunk by 7% compared to a year ago mainly due to a 20% reduction in the resale sector which skewed the figures overall.

The figures support some of the new developments which offer higher build quality and design while offering attractive pre-construction prices with good mortgage lending facilities.