The property market in Spain looks set for take off following a rise of 17% in property sales year on year. The National Statistics Institute reported an 11% increase in June sales from the previous month and a rise of 17% on the same month last year. Property sales in Alicante province were the highest in 7 years. With much of the bank stock clearing and choice now limited, prices on new build projects are starting to show signs of increase. Rising optimism among buyers as evidenced by La Vida’s buyer survey is leading to a mini boom for sellers. However bank housing stock remains flat as the best choice properties are long sold. Owner resales at realistic prices remain few and far between as many sellers attempt to recover original buying prices. Meanwhile developers have picked up land at historic low prices and now appear to offer the best choice with new modern contemporary homes.