The number of homes sold during the third quarter of the year was 75,462, representing a decrease of 16.8% over the previous quarter and a fall of 6.3% over the same period in 2010, according to the Ministry of Development’s statistics of real estate transactions. The total number of homes sold between July and September is the second worst figure since 2008, surpassed only by sales recorded in the first quarter of this year, when 74,455 properties were sold. Europa Press reported that in the twelve months from August 2010 to September 2011, the sale of homes recorded before a notary totalled 391,167. By type of property, new builds accounted for 33.1% of total transactions in the third quarter, at 24,945, compared with 50,517 resales, representing the remaining 66.9%. Over the same period last year, new home sales fell 1% in the third quarter and resales by 8.7%.
Source: Kyero.com




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