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Homes Sales Increased in February

Homes sales up 4.3% compared to January
Homes sales up 4.3% compared to January

Homes sales up 4.3% compared to January

In February, there was 178,240 properties transferred in the property registers, a fall of -8.6% when compared to February 2020. When compared to the previous month the variation is +16%, according to data from the INE.

In the case of registered sales, there was 89,395, an annual decrease of just -2.5%.

86.0% of the sales registered in February correspond to urban properties and 14.0% to rustic properties. In the case of urban property, 56.1% are sales of residential property.

The number of sales of rustic properties increased 4.0% on the annual rate in February, while that of urban properties decreased 3.5%. Within the latter, sales of homes registered an annual decrease of 4.3%, with 43,185 registered sales. When compared to January 2021, the variation is +8.6%.

23.5% of the home sales in February were new build and 76.5% were used. For new homes this represents an increase of 11.1% compared to February 2020, while the number of used home sales fell by 8.1%.

Results by autonomous communities

In February, the total number of transferred properties registered in the property registers per 100,000 inhabitants reached its highest values in La Rioja (747), Castilla y León (724) and Aragón (634).

The Basque Country (13.3%), Principado de Asturias (5.1%) and Castilla y León (1.5%) registered the highest annual variation rates.

The Community of Valencia (–29.1%), Región de Murcia (–28.2%) and the Canary Islands (–18.0%) presented the lowest annual rates.

In terms of registered home sales, the communities with the highest number of transfers per 100,000 inhabitants are the Community of Valencia (147), La Rioja (137) and Andalucía (133).

The Autonomous Communities with the highest annual increases in the number of home sales in February were La Rioja (13.7%), Asturias (12.0%) and the Basque Country (10.9%).

For their part, the Canary Islands (–16.2%), the Balearic Islands (–15.9%) and Aragón (–13.5%) registered the greatest decreases. Home sales in Andalucía fell by just -1.1%, in February, registering 8,908 sales.