17.9% of properties listed are in Andalusia
Madrid, the Canary Islands and Andalusia have the most dynamic property markets in Spain, according to research from property portal Idealista.
Property sales in Madrid accounted for 14.8% of all home sales recorded in April, yet the number of advertised properties within Idealista only accounted for 9.2% of the total listed properties.
A similar situation is seen in the Canary Islands which accounted for 4.5% of property sales while the islands were only represented by 3.2% of listed properties. Andalusia saw a similar pattern with the region accounting for 19.1% of home sales in April whereas property adverts for the region only accounted for 17.9% of listings. Similar figures were also seen in Catalonia, Extremadura, Navarra and the Balearic Islands.
Aragon and La Rioja have a neutral balance given that the number of property purchases in those regions matches the number of properties advertised.
In contrast, Castilla and Leon has the most negative balance of all of the autonomous communities. Despite accounting for 5.3% of all advertised properties the region only managed to attract 4.1% of sales. Other communities to show a negative balance include Castilla La Mancha, Cantabria, Asturias, Basque Country, Galicia, Valencia and Murcia.
Purchases by Community
Four of Spain’s communities accounted for 65% of all homes bought in Spain in April. Andalusia saw the lions share accounting for 19.1% of all property sold in Spain during April. Catalonia followed with 15.5% of sales. Valencia took 15.4% of sales, while Madrid registered 14.8%.
In contrast, the communities with the lowest number of property sales in April were La Rioja which accounted for only 0.7%, followed by Cantabria and Navarra, accounting for 1.1% and 1.3%, respectively.
Property Listings
As well as the highest number of sales, Andalusia also accounted for 17.9% of all Spanish property listings. Valencia follows with 15.9% of the countries property stock advertised online. Catalonia and Madrid account for 14.7% and 9.2% of property listings, respectively.
La Rioja appears to have the least dynamic property market in all of Spain. On top of the lowest number of sales, the region also only accounts for 0.7% of the total property listings, once again followed by Navarra with only 0.9% of the stock.
Methodology
To carry out this research, Idealista cross-checked the number of home sales in April (with data issued on June 9th by INE), with the distribution of property adverts active on their online platform in the month of April.
