Rural property sales increased by 24.3%
The total number of property transfers registered in March 2017 was just short of 170,000. This represents a 17.7% increase when compared to March 2016. When comparing to the previous month (Feb 2017), the increase is 13.4%.
The purchase and sale of residential properties increased by 26.9% when compared to March last year. The monthly variation, comparing to February 2017, was +13.6%, according to the latest figures from the INE.
83.9% of properties purchased in March correspond to urban properties, with 16.1% rustic. Of the urban properties, 56.7% were home sales.
The number of rural properties sold increased by 24.3% when compared to the same month last year.
The number of urban properties sold represented an increase of 28.8%. When looking at the monthly variation, we see a 26.5% increase in the number of rural properties sold. There was a 13.1% increase in the sale of urban properties, when compared to the previous month.
18.2% of the homes transferred by purchase or sale in March were new properties, while 81.8% were used.
Sales of new property rose by 21.2%, while the number of used properties sold increased by 28.3%, when compared to March 2016.
Autonomous Communities
In March, the total number of transferred properties per 100,000 inhabitants reaches its highest values in La Rioja (826), and Aragon and Castilla y León (both 693).
The highest annual variations were seen in Asturias (52.3%), Galicia (49.5%) and La Rioja (35.4%).
The lowest annual variations were seen in Castilla-La Mancha (1.6%), Aragon (2.8%) and Extremadura (4.9%).
The communities to see the highest number of home sales in March per 100,000 inhabitants were Valencia (150), Balearic Islands (148) and Andalusia (121).
The communities with the highest annual variation in the number of homes sold were Cantabria (48.3%), Aragon (45.2%) and La Rioja (41.4%).
At the other end of the scale, we find the communities with the lowest annual variations were the Canary Islands (-3.5%), Extremadura (11.5%) and Community of Madrid (14.9%).
