Is this the bottom of the market

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20 Sep 2011 00:00 by rod Star rating in Uk and Spain. 462 posts Send private message

This would suggest that we have reached the bottom of the property market

 

http://www.surinenglish.com/20110920/news/costasol-malaga/property-sales-cent-second-201109201139.html

 

Rod



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20 Sep 2011 23:12 by Sanchez1 Star rating. 818 posts Send private message

Extremely misleading figures.  From the article it says: 

 

There were 90,746 property sales in Spain in Quarter 2 this year, representing a 22 per cent increase on the first quarter

Surely there are always more people buying in Q2 compared to Q1?  Q1 is winter.  Q2 is Spring.

The figures quoted in this blog post give a better picture of the true state of the market.

According to the provisional data from the National Institute of Statistics (INE) sales of Spanish property descended in July by 34.8% compared to the same month of the previous year



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