Property Sales on the Increase for Canary Islands

Statistics published last week show an increase of 15.6% of residential properties having sold across Spain for the second quarter of 2012 with over 80,000 homes being sold in total. From a June 2011 to June 2012 perspective more than 333,500 properties were sold.

Although there were some regions that recorded negative variations, the Canary Islands (including Fuerteventura) and Valencia showed growth fugures of 1.4% and 0.2% respectively.   The Canary Island figures are approximately 30% better than those for Madrid, Cantabria, Basque Country and Navarra - a huge difference within Spain showing how the Islands property market is distinctive from the mainland. Las Palmas that includes Gran Canaria, Fuerteventura and Lanzarote was also higher than the Canary Islands average at 4.7%.

 

New developments accounted for 29.3% of the total transactions, up from 25.4% last year while the second hand market although lost ground from the previous year did grow in sales by 9.4% compared to the first quarter of 2012.

 

Foreign buyers with a total of 9,502 transactions was up for the fourth consecutive quarter by 12.1% from 2nd quarter 2011.

 

To find out more about which properties are selling the most in Fuerteventura visit us at Goldacre Estates in teh Tamarindo Commercial Center Corralejo or call 0034-928535044 and visit http://goldacreestates.com for your widest choice of properties, bank reposessions and resales.