Registered Sales on First Quarter 2011The amount of property sale transactions during the 1st quarter of 2011 was 124,542. This is 33.9% increase —31,539 additional transactions— on the last quarter of 2010.

This data is part of the Land Registry Statistics and the Centre of Statistical Processes of the Land, Mercantile and Chattel Registrars Association of Spain.

The report issued by the Centre of Statistical Processes infers that this increase was caused by the IRPF (Income Tax) modifications to be enforced in 2011.

This could be the cause behind the high amount of sale transactions before the end of 2010, which was registered during the first months of 2011.

In the Region of Valencia alone, 15,356 transactions were registered: 6,653 took place in Alicante province, 6,625 in Valencia and 2,078 in Castellón. The province of Alicante is, in fact, the third province in Spain with the highest amount of registered transactions, only behind Madrid and Barcelona. All three provinces have increased the amount of transactions during the 1st quarter of 2011.

To read the full report, visit the website of the Registrars Association. Go to “Estadística Registral Inmobiliaria primer trimestre 2011”. The report is in Spanish.