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

Property Market Recovery from Lockdown Continues

Sales continue to increase following pandemic slowdown
Home sales continue to increase following pandemic slowdown

Sales continue to increase following pandemic

In May, there was 184,608 property transfers registered in the property registrars. This is 142.7% more than in the same month of 2020. Of course, in May 2020 the country was in lockdown and real estate transactions ceased.

In the case of property sales, May saw 97,744 transactions, an annual increase of 144.9%, according to data from the INE.

85.2% of the sales registered in May correspond to urban properties and 14.8% to rustic properties. In the case of urban sales, 56.5% are sales of homes.

The number of sales of rustic properties increased by 247.2% in the annual rate in May and that of urban properties by 132.9%. Within the latter, sales of residential properties registered an annual increase of 107.6%. The increase in residential property sales when compared to April 2021 was 11.4%.

19.6% of the homes transferred by sale in May were new and 80.4% were second-hand homes.

The number of sales of new homes increased by 115.1% compared to May 2020 and that of used homes by 105.9%.

Results by Autonomous Communities

In the month of May, the total number of transferred properties registered in the property registers per 100,000 inhabitants reached its highest values in La Rioja (824), Castilla y León (779) and Aragón (738).

Region of Murcia (231.5%), the Canary Islands (218.8%) and La Rioja (215.7%) registered the highest annual variation rates.

The Basque Country (83.4%), Navarra (91.4%) and the Balearic Islands (113.0%) registered the lowest increases.

In terms of registered home sales in Spain, the communities with the highest number of transfers per 100,000 inhabitants are Valencia (166), Murcia (153) and Aragón (146). Andalucia saw 144 sales of homes per 100,000 inhabitants (9,684 sales), a 122.7% increase compared to May 2020.

The Communities with the highest annual increases in the number of home sales in May were Murcia (206.5%), the Canary Islands (176.9%) and La Rioja (147.2%).

The Balearic Islands (61.6%), the Basque Country (68.4%) and Madrid (68.5%) registered the lowest increases.