Spanish home sales rose for the third quarter in a row in the period April-June and at a much stronger pace than the previous three months, as the housing market showed further signs of steadying after a prolonged slump.
The Housing Ministry said sales in the second quarter were up an annual 24,7 percent at 149.527 units after an increase of only2,3 percent in the first quarter of the year. On a quartely basis, home purchases climbed 39,6 percent. In the 12 months to June, sales rose 4,8 percent to 495.684. "Sales continued the recovery initiated in the forth quarter of 2009" the Housing Ministry said in a statement.
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