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Property Sales Up Slightly in May

Brits made up 14.75% of foreign sales
Andalusia saw 9,100 home sales in May

Andalusia saw 9,100 home sales in May

There were 191,875 property transfers in May, which is 4.4% higher than in the same month last year. This is according to the latest data from the INE.

In the case sales of properties in the property registers, there were 96,186, an annual increase of 3.1%.

85.9% of the sales in May correspond to urban property, and 14.1% to rural. In the case of urban properties, 57.6% were housing sales.

The number of rural property sales increased by 6% in May, on the annual rate, and that of urban properties by 2.6%. Within urban sales, home sales recorded an annual increase of 1.1%.

Results by Autonomous Communities

In May, the total number of property sales in the property registers per 100,000 inhabitants reached its highest values in La Rioja (827), Castilla y León (817) and Aragón (717).

Catalonia (28.2%), Extremadura (19.0%) and the Principality of Asturias (17.5%) registered the highest annual variation rates.

On the other hand, Murcia (-15.2%), La Rioja (-8.5%) and Navarra (-8.3%) saw the lowest annual rates.

Looking at the sale of registered homes, the communities with the highest number of sales per 100,000 inhabitants were Valencia (193), Balearic Islands (161) and La Rioja (141).

The communities that saw the largest annual increases in the number of purchases of homes were Asturias (41.0%), Cantabria (19.6%) and Castilla y León (14.1%).

Navarra (-17.7%), La Rioja (-15.0%) and the Canary Islands (-11.2%) registered the most negative annual variation rates in May.

In Andalusia there was 9,100 home sales in May. This represents a slight fall of -1.7% when compared to May in 2018.