Spain registers decrease in house sales

House sales in Spain fell by 5.5 percent in June 2013 compared to a year ago, the National Institute of Statistics (or INE) said.

The INE said 23,966 houses were sold in June, reflecting a month-on-month fall of 8.6 percent, reported Xinhua.

New house purchases accounted for 43 percent of all sales, 13.7 percent less compared to last year and a 10.9 percent decrease on a monthly basis.

A total of 13,665 resold houses were purchased, representing 57 percent of all transactions.

Purchase of non-subsidised housing represented 89.5 percent of the total, while subsidised housing purchases fell by 20.7 percent in annual terms.