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The trading housing falls 17.2% in September a contract duration

The number of housing sales transactions recorded in September was 37,621, representing a decrease of 17.2 percent over the same month last year, according to data published by the National Statistics Institute (INE). In August, sales of real estate operations showed a decline of 9.9%, so the current figure reveals a weakening market. However, the September drop is one of the most moderate since January 2008 when the series begins.

88.5% of homes passed by purchase in September is 11.5% free and protected. In annual terms, the number of free housing sales borne down by 18.7% and 4.3% lower protected.
46.5% of homes passed by purchase in September are used and 53.5% new. The number of new housing operations decreased by 19.5% and 14.4% used low compared to September 2008.

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The contract may have the desired length, 11 months, 14 months, 7 months ... does not matter, but as long as the tenant's primary residence shall be entitled to remain on the floor for a minimum of five years if it meets all its obligations.

what happens when you finish these 11, 14 or 7 months?

The contract is extended automatically and compulsory to add a minimum of five years, says the LAU in Article 9.1.

Many people believe that by making the contract of 11 months and it is a holiday season and not have to adhere to mandatory extensions of Article 9.1 of the LAU. Not so.

To be considered a seasonal contract must be set in the same season and that is why the who are: vacation, study, work relocation ...

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