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

Property Sales Continue to Increase

Property Sales Continue to Increase
Property Sales Continue to Increase

Home sales up 9.7% since September 2017

The number of properties transferred in the properties register in September was 147,377. This is a 7.7% increase when compared to the same month of 2017, according to data from the INE.

In the case of property sales, the number of operations was 83,583, which is an annual increase of 11.6%.

88.1% of the properties sold in September were urban and 11.9% were rural. In the case of urban properties, 58.1% were residential.

The number of rural property purchases decreased by 2.5% year-on-year, while the number of urban property sales increased by 13.9%. Within the latter, home sales recorded an annual increase of 9.7%, reaching 42,766 operations.

Results by Autonomous Community

Andalusia had the best month in terms of sales with total property transfers amounting to 25,957 transactions, an annual increase of 15.3%.

The largest number of residential property sales in September was also seen in Andalusia, with 8,519 home sales. This is a 15% increase over September last year and represents 129 sales per 100,000 inhabitants.

In September, the total number of transferred properties registered per 100,00 inhabitants reached its highest levels in La Rioja (650), Castilla y León (570) and Castilla-La Mancha (522).

Murcia (24.8%), Cantabria and La Rioja (both with 19.5%) recorded the highest annual variation rates.

Comunidad Foral de Navarra (-12.5%), Aragón (-9.3%) and the Balearic Islands (-0.6%) showed the largest negative variations.

Looking at the sale of registered homes, the communities with the highest number of operations per 100,000 inhabitants were Valencia (165), Murcia (135), the Balearic Islands and Madrid (both with 131).

The communities which recorded the highest annual increases in the number of home sales in September were La Rioja (36.7%), Navarra (33.2%) and Murcia (23.9%).

On the other hand, the Canary Islands (-4.4%), the Balearic Islands (-4.2%) and the Basque Country (1.6%) registered the lowest annual variation rates.