May 30, 2008

Real Estate Transactions

by Andrea Mella

57.jpgThe number of transactions in May, reported with the Department of Finance was higher than in some month since August 2007. Advisers said there was a significant command for extraordinary and classy trophy properties. Up till now, there were some signs of concern in the initial numbers, in which the primary marker of the agreements signed was during the spring selling period. More often than not it go on with all the way through the Fourth of July. The sales were blocked during May and it goes down up to 20 percent below. Also, there were signs of a hold back in sales of smaller and lower-priced apartments.