Thursday, June 10, 2010

Encouraging signs

In the first three months of 2010, 106,302 houses were sold in Spain, which represented an increase in sales of 1.5% This was the second quarter in a row where there had been an increase.

In this region, the greatest number of sales took place in Torrevieja (3.812) and Orihuela (2.961). There are two factors which are driving this forward; an increase in in sales to foreigners and the lowered cost of houses at present.

This is good news indeed and may be why we are seeing renewed activity on building sites that have laid dormant for the last few years.

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