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Property Sales Rebound in April

Home sales increased 58.3% in April
Home sales increased 58.3% in April

Home sales increased 29.7% in April

Following a slight dip in March, property transfers across Spain rebounded in April, registering a year-on-year increase of 20.8%, according to figures from the INE.

The total number of properties transferred in the property registers in April reached 161,444. However, as Holy Week was in March this year and in April last year, it makes sense to look at the period March-April. In this case, there is an annual increase of 4.8%.

When looking only at property sales, there was an increase of 27.5% over the same month last year, with 84,479 “compraventas” (purchases/sales).

85.3% of purchases in April correspond to urban properties, with 14.7% rural. In the case of urban properties, 58.3% were home purchases.

The number of purchases of rustic properties increased by 20.9% in April, on the annual rate. Sales of urban properties increased by 28.7%. Within the latter, the purchase and sale of homes registered an annual increase of 29.7%.

16.9% of homes sold in April are new and 83.1% used. This represents an annual increase of 29.3% in the sale of new property, and an annual increase of 29.8% on new properties.

Results by autonomous communities

In April, the total number of property sales registered in the property registers per 100,000 inhabitants reached its highest values in La Rioja (699), Castilla y León (612) and Castilla-La Mancha (602).

Cantabria (40.8%), Extremadura (38.8%) and Andalusia (37.2%) recorded the highest annual variation rates.

On the other hand, Aragón (-3.1%), the Canary Islands (4.6%) and Comunidad Foral de Navarra (6.3%) recorded the lowest annual rates.

Looking at the sale of homes, the communities with the highest number of transactions per 100,000 inhabitants are Valencia (158), Madrid (130) and the Balearic Islands (126).

The communities with the highest annual increases in the number of home sales in April were La Rioja (59.1%), Murcia (50.2%) and Castilla-La Mancha (48.7%). Andalusia saw an increase of 33,9%.

At the other end of the table we find the Balearic Islands (13.8%), Basque Country (16.5%) and Cantabria (17.8%) registered the lowest annual variation rates in April.