According to the Second hand property sale price index (IPVVR in Spanish), which is produced by the Land Registry using Case-Shiller method, year-on-year rate experienced an increase of 0.97% during the second quarter of 2014.
Compared to previous quarter and in accordance to said report, property value increased 1.53%, and as mentioned by Spanish Registrars, *this is the confirmation of an emerging change of general trend*.
Within the scope of Spanish Autonomic Jurisdictions, Andalusia registered the higher number of transactions (15,583), followed by Cataluña (11,980), Valencia (11,591) and Madrid (10,522).
This way, a new all-time low record is reached for transactions registered in the last 12 months, with a total of 310,864.
During the first six months of 2014, 161,486 purchase and sale transactions were registered. This was a record of non-resident purchase and sale operations.
Along the second quarter of 2014, 13.03% of real estate acquisitions were carried out by non-resident buyers, achieving an all-time high record. British buyers maintained their traditional first position with 15.77%, followed by French (10.11%), Russian (8.08%), German (7.53%), Belgian (7.26%) and Swedish (5.93%) buyers.
Source: El Mundo
