Spanish home sales rose in the first quarter of the year, albeit at a slower pace than in the last quarter of 2009, as the housing market showed signs of stabilizing
after a two-year slump. The housing minister said that sales in the period April-June were up 1.5 percent at 106,302 units after climbing 4.9 percent in the fourth quarter of last year. The ministry said the increase was due to sales of existing homes, which rose 31.3 percent, while sales of new homes decreased 21.5 percent from a year earlier.
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