CatalunyaCaixa earns €1 billion by commercialising 6,700 houses in 7 months

Barcelona (ACN).- The Catalan savings bank, CatalunyaCaixa, is increasing the selling of its real estate stock. Between January and July, CatalunyaCaixa earned €1 billion by commercialising 6,700 housing units from its stock, 40% more houses than the same period last year, according to a press release from the financial institution this Thursday. In the first 7 months of the year, CatalunyaCaixa, which the Bank of Spain intervened in last September, sold 6,000 houses and let out 698 houses, which represent around 90% and 10% of the commercialised stock respectively. Furthermore, in the last 24 months the Catalan bank has already sold 20,000 housing units from its stock, with a team of 200 real state commercial agents.

54% of the 6,700 housing units commercialised between January and July 2012 were sold in Catalonia; 12% were in the Valencian Community (also known as the Valencia Country); 12% in Andalusia; 8% in the region of Madrid; 3% in the Region of Murcia; and, 3% in the Basque Country. Around 56% of the houses commercialised were newly built while the remaining 44% were second hand properties.