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Housing Sales Increased in September

Andalucia saw a 6.5% increase in home sales
Andalucia saw a 6.5% increase in housing sales

Andalucia saw a 6.5% increase in home sales

Property sales in Spain showed an annual increase of 5.4% in September, rising to 79,157 sales. Sales of housing reached 37,839 transactions. This shows a -1.1% reduction when compared to September 2019. However, on the monthly variation, home sales increased 20.5% when compared to August 2020, according to figures from the INE.

83.7% of the sales registered in September correspond to urban properties and 16.3% to rustic properties. In the case of urban properties, 57.1% are sales of housing.

The number of sales of rustic properties increased by 30.0% on the annual rate in September and that of urban properties by 1.6%.

22.2% of the homes sold in September were new properties while 77.8% were second-hand.

The number of sales of new homes increased 29.2% compared to September 2019, while the number of used homes decreased 7.4%.

Results by Autonomous Communities

In September, the total number of property transfers registered in the property registers per 100,000 inhabitants reached its highest values in La Rioja (727) Castilla y León (642) and Castilla-La Mancha (603).

The Principality of Asturias (34.7%), La Rioja (27.1%) and Región de Murcia (22.0%) registered the highest annual variation rates.

The Basque Country (–12.4%), the Canary Islands (–8.2%) and the Balearic Islands (–6.2%) presented the lowest annual rates.

In terms of registered home sales, the communities with the highest number of transfers per 100,000 inhabitants are Murcia (136), Valencia (134) and La Rioja (123).

Andalucia saw 7,760 home sales in September, recording an annual increase of 6.5%, and 117 sales per 100,000 inhabitants.

The Communities with the highest annual increases in the number of home sales in September were Extremadura (53.3%), Principality of Asturias (46.9%) and La Rioja (38.6%).

The Basque Country (–23.8%), the Balearic Islands (–15.1%) and Comunidad Foral de Navarra (–15.0%) recorded the greatest decreases.