We said, a couple of months ago, that the graph of the 12-month rolling sum of house sales in Spain would track flat when November's numbers came out. We were right. The stats can be found here.
Those who were considering voting us off the program over this might want to reconsider and instead send us some money. We accept all forms of cash, but have a particular liking for British pounds.In other news, the big winner in the worldwide real estate recovery sweepstakes is Canada. The Globe and Mail reports:
Across the country, the Canadian Real Estate Association (CREA) said Friday, December sales increased 72 per cent from the same month in 2008, to 46,805 units, while prices gained 19 per cent to an average $337,410.
The record month capped the strongest quarter ever recorded – sales increased 59 per cent over the previous year.
The national average price climbed 5 per cent in 2009, to a record $320,333.
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7 Comments:
The local Cassandra isn't taking calls, so you may need to send in the bailiffs.
Charles,
view on Canadian property?
Cleverly, the GoC guaranteed all ltv>80% well in advance via the CMHC. CMHC now hold a guarantee "portfolio" of such, er, less than pristine transations equal to >50% of the country's GDP...
-RJH-
Neither of you asked for my SWIFT code. Cheapskates!
I just can't believe you'd be willing to accept british pounds :)
I am with santcugat ... you want to enter into an EUR-GBP swap arrangement with me? I'd like to fix my salary in EUR.
Gladly, Mr. Sanchez. Where do I sign?
Don't you trust MacroMan (see his latest post)?
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