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News from the financial sectors in Spain and the Canary Islands
   News from the financial sectors in Spain and the Canary Islands

Property market
Recovery in the Canaries?
House sales in the Canaries continue to show signs of a noticeable upturn in fortunes as last year drew to an end.

13.01.2015 -

The latest Government figures, corresponding to sales during October, show that the number of sales was a full 50 per cent up on the same month in 2013, putting the Canaries at the top of the national table.  The increase across Spain as a whole was 16 per cent and follows the 13 per cent rise recorded in September.  Although Andalusia was the region with the highest number of sales, with 5,200 properties changing hands, the Canaries performed best in relative terms when population is taken into account.  Despite the positive showing, experts stress that nearly 70 per cent of the transactions involved second-hand properties and that it will take considerable time to clear the current stock of unsold new homes.

Gallery: Recovery in the Canaries?
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