{"id":3176,"date":"2020-04-23T13:28:42","date_gmt":"2020-04-23T11:28:42","guid":{"rendered":"https:\/\/www.marbellaforsale.com\/blog\/?p=3176"},"modified":"2020-04-23T13:32:14","modified_gmt":"2020-04-23T11:32:14","slug":"home-sales-in-spain-slow-in-february","status":"publish","type":"post","link":"https:\/\/www.marbellaforsale.com\/blog\/home-sales-in-spain-slow-in-february\/","title":{"rendered":"Home Sales in Spain Slow in February"},"content":{"rendered":"
\"Andalusia

Andalusia saw 8,882 home sales in February<\/p><\/div>\n

In February 2020 there were 89,710 property sales registered in the public records<\/strong>. This represents a fall of 1.1% when compared to February 2019. When compared to the previous month the variation is -0.5%, according to figures released by the INE<\/a>.<\/p>\n

In terms of home sales, there was 44,104 registered sales<\/strong> recorded in the registers. This represents an increase of 0.1% when compared to a year ago. However, when compared to the previous month the variation in property sales<\/a> was negative at -6%.<\/p>\n

Results by autonomous communities<\/h3>\n

In February, the total number of transferred properties recorded in the property registers per 100,000 inhabitants reached its highest values in La Rioja (890), Valencia (733) and Murcia (726).<\/p>\n

Meanwhile, Murcia (59.9%), Valencia (22.7%) and Galicia (15.5%) registered the highest annual variation rates. In turn, Comunidad Foral de Navarra (\u201329.7%), Castilla \u2013 La Mancha (\u201326.7%) and the Basque Country (\u201321.5%) presented the lowest annual rates.<\/p>\n

In terms of registered home sales, the communities with the highest number of transfers per 100,000 inhabitants are Valencia (165), Andalusia (134) and Cantabria (133).<\/p>\n

The communities with the largest annual increases in the number of sales of homes in February are Arag\u00f3n (12.7%), the Balearic Islands (8.2%) and Andalusia (8%). In Andalusia, there were 8,882 home sales in February.<\/strong><\/p>\n

For their part, La Rioja (\u201336.4%), the Basque Country (\u201320.7%) and Extremadura (\u20136.6%) registered the greatest decreases.<\/p>\n

These results represent the most accurate figures we will likely see for a few months. Given that March and April have been spent on total lockdown due to COVID-19, it is unlikely that any sales will be registered at all throughout those months and therefore there will be little point in looking at, let alone comparing, figures from those months.<\/p>\n

Let us just hope that once lockdown is lifted we see life return to the property market!<\/p>\n

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