It has not been really the best but in line with the general feeling about the market: volatile. What it proves is that the tax advantages active up to the end of 2012 had a positive effect on the transactions and, after that, the market is still suffering.
When talking to other real estate colleagues, the general impression is about the same: there are buyers interested in purchasing at the Costa del Sol but it is difficult to close operations. There are a lot of uncertainties on the news about the Spanish economy and on the real estate market that cause that giving a second thought to purchase decisions is becoming more than usual.
Although it is difficult to see the details because of chart’s size, the following also shows what it is obvious: less transactions and reduced prices cause that the volume of sales has been in this quarter a forth of what it was in the first quarter of 2007. It is obvious but hurts. It also tells us that we are still not going up, we have a way to go and the only way out is by means of an extra effort. Data is for Malaga province.
When talking to other real estate colleagues, the general impression is about the same: there are buyers interested in purchasing at the Costa del Sol but it is difficult to close operations. There are a lot of uncertainties on the news about the Spanish economy and on the real estate market that cause that giving a second thought to purchase decisions is becoming more than usual.
Although it is difficult to see the details because of chart’s size, the following also shows what it is obvious: less transactions and reduced prices cause that the volume of sales has been in this quarter a forth of what it was in the first quarter of 2007. It is obvious but hurts. It also tells us that we are still not going up, we have a way to go and the only way out is by means of an extra effort. Data is for Malaga province.