Spanish property sales rise by 6.5% in October

According to the Spanish government’s statistics unit, property sales rose by 6.5% in October 2016 from the same month last year.
 
Some 29,369 properties were sold in October.
 
It has resulted in the total number of transactions made in the first ten months of the year rising to 340,000. This is 13.9% higher than the same point in 2015.
 
Every month this year has seen increases in property sales, except January. Analysts have reported that demand for property in Spain will continue to grow, which will then cause upward pressure on prices.
 
However, some regions have fared better than others. A total of 11 regions saw increases in property sales, while six saw falls.
 
Asturias saw the most significant growth, at 21.3%, with Catalunya second at 19.8% and Aragon third, registering an increase in sales of 19.2%.
 
The biggest drop was seen in Navarra, where year-on-year property sales fell by 24.3%.