Existing home sales rose 5.9% in 2010, after three years downThe increase was observed in up to 29 provinces in total.
According to the College Registrar in 2010 there were 445,885 operations.
Lower the optimism and remember the influence of tax changes in 2010.

Existing home sales rose 5.9% in 2010 over the previous year, with 491,000 operations, a figure that breaks the downward trend experienced over the past three years, according to a report today by the Ministry of Development.
The sales momentum in 2010 was marked by the increase in VAT (from 7 to 8%) from July and by the disappearance of the tax credit for purchase of residence for income exceeding 24,000 euros at the end year.

Only in the fourth quarter, there were 150,268 property transactions, an increase of 14.2% over the same period last year.

Despite the crisis or because the brick crisis comes to an end, the truth is that home sales rose 5.38% in 2010 over the previous year, up to 445,885 operations. And broke the downward trend started in 2006, when it reached its highest levels. These are data from the latest “Real Estate Registration Statistics’ Schools that make the Registrar.

Also, many of the coastal provinces, particularly affected by the downward cycle, continue to recover the number of purchases, such as Tarragona (18.11%), Baleares (17.77%), Valencia (17.40%) , Guipúzcoa (13.99%) and Gerona (12.24%).
In addition, during the fourth quarter, used home purchases accounted for 51.55% of the total, which surpassed for the first time in ten quarters relative to new housing, with a total of 48.45%, which 42.2 percentage points accounted for private housing.

On the other hand, the average mortgage debt per household in the fourth quarter stood at 118,255 euros, 5.6% less in the previous quarter.

Savings banks retook the lead in market share of new mortgages granted in the last quarter, with 47.1% of the total, ahead of banks (41.6%), which was the group with greater relative in the previous quarter. The group of other financial institutions again exceeded 10%, reaching 11.22%.

The trend was gradual approximation of market shares between the two major groups of financial institutions, banks and, as seen in the inter-annual results, with 46.54% for cases and 43.44% for banks