The primary market is recovering in Spain

The Spanish market of new housing is showing signs of improvement, the group said G-14 brings together the leading development companies in the country. Sales of new homes will continue to "consolidate in the coming months," said the head of the G-14 Pedro Perez. Recent sales data from the National Institute of Statistics developers give some grounds for optimism. From August to September, sales of new buildings increased by 7.6%, while they fell by 20% year on year. "The fact that sales are rising for the fifth month in a row, is encouraging, as it indicates the restoration of this sector of the market after August extremely low levels," - said Perez representatives of the Spanish press. Sales growth is due to reduce prices, and a more selective approach of banks in mortgage lending, developers say. Sales growth will occur in the future, says Perez, partly because developers do "everything possible" to ensure that prices are more favorable to buyers. On this Site www.propertywire.com