The Instituto Nacional de Estadística has released its monthly report on numbers of property transactions in Spain, this for the month of June. We've pulled it apart a bit.
Straight sales are down about 55% from when the series begins in January, 2007. Exchanges not involving cash payments, referred to as trades, show a similar trajectory - although more volatile because of the small sample size.
Interesting are the categories of 'Gifts' and 'Other'. The former, often part of estate planning, shows a general upward trajectory over the last year. The latter, which mainly consists of the splitting of finished construction projects into their constituent apartments or houses prior to their sale, shows a considerable levelling out over the recent period.
Pardon the spelling error in the last chart. But we're not going to go back and fix it.
2 Comments:
Charles - you trolled on my site - and I happily added you to my blog roll.
No need whatsoever to reciprocate.
J
My inexcusable oversight has been corrected.
Cheers
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