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13/08/2010 - Spanish property sales up for sixth consecutive month  13/08/2010 - Spanish property sales up for sixth consecutive month

An official report has shown that property sales in Spain have risen for the sixth consecutive month.  The rise represents a 10.7 percent increase over the same period in 2009.

The news comes as welcome relief for the Spanish property market which plunged Europe’s fifth largest economy into recession in late 2008 and caused a sharp rise in unemployment.

In the first quarter of 2010 the Spanish economy finally emerged from recession, registering a modest 0.1 percent growth.

The Bank of Spain has estimated that the Spanish economy grew by 0.2 percent during the second quarter 2010.

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