MADRID (Thomson Financial) - Property sales in Spain plummeted 24.4 percent in February from a year earlier, according to official data released on Monday, in yet another sign of the sharp downturn in the once booming real estate market.
The fall is slightly less than the 27 percent decline reported for January.
In February, there were 55,462 urban property transactions, a drop of 10.2 percent from January, the National Statistics Institute said.
The total for the first two months of the year is down 25.85 percent compared to the same period in 2007.
