Here you will find news, views, events and information relating to real-estate in Spain.

Home Sales Up 7% in September

Andalucia saw a large increase in sales
Andalucia saw a large increase in residential property sales (pic: Seville)

Andalucia saw a large increase in sales

In September, there were 177,901 property transfers listed in the property registers. This is 15.9% more than in the same month of 2020.

In the case of registered property sales, the number is 102,561, an annual increase of 29.3%.

87.5% of the sales registered in September correspond to urban properties and 12.5% were rustic properties. In the case of urban property, 59.5% are sales of residential properties.

The number of sales of rustic properties increased 0.2% in September on the annual rate and that of urban properties 35.0%. Within the latter, sales of residential property registered an annual increase of 40.6%. When compared to August 2021, the increase is 7.1%, according to the latest data from the INE.

20.5% of the homes transferred by sale in September are new and 79.5% were second-hand properties. The number of sales of new homes increased by 30.1% compared to September 2020 and that of used homes by 43.6%.

Results by Autonomous Communities

In September, the total number of transmitted properties registered in the property registers per 100,000 inhabitants reached its highest values in Castilla y León (753), La Rioja (737) and Cantabria (665).

The Basque Country (34.3%), Cantabria (29.7%) and the Balearic Islands (28.7%) registered the highest annual variation rates.

Comunidad Foral de Navarra (–14.3%), Principado de Asturias (–1.3%) and Extremadura (–1.0%) presented the lowest annual rates.

In terms of registered home sales, the communities with the highest number of transfers per 100,000 inhabitants are Comunitat Valenciana (190), Andalucía (177) and Región de Murcia (161).

The Autonomous Communities with the highest annual increases in the number of home sales in September were Comunidad Foral de Navarra (68.3%), País Vasco (55.9%) and Andalucía (54.9%). Andalucía saw more home sales than all the other communities in September, reaching 11,843 sales.

The only community with a negative variation rate is Extremadura (–2.4%). Principado de Asturias (1.4%) and Región de Murcia (19.7%) registered the lowest increases.