Madrid.— More than 2'660 properties were registered in house buying and selling transactions in the Balearics during the first quarter of the year, a 9.2 percent increase in comparison with the same period in 2010, the Official Property Register confirmed yesterday.

The figures reveal that the Balearic Islands is one of the regions of the country where property transactions have increased the most on a year-on-year basis. In the first three months of the year, 1'345 new homes were bought in the region, a 4.26 increase in comparison with the first quarter of last year.

Second hand
Separate figures show that there were 1'316 transactions involving the buying and selling of second hand properties during the first quarter in comparison with the same period in 2010, an increase of 14.7 percent.

In terms of the variations between one quarter and another, property transactions in the Balearic Islands underwent an increase of 27.1 percent in comparison with the last quarter of 2010 (2'092 and 2'661) respectively.

At a national level, there were 124'542 property buying and selling transactions, indicating both a 5.6 percent increase in comparison with the same period in 2010 and a 33.9 percent increase when measured against property registers for the final quarter of last year.

The high figure, a spokesman said reflects a significant movement in buying and selling prompted by changes brought in by the government on how property purchase is to be reflected in tax declarations.