{"id":3640,"date":"2023-07-21T12:05:44","date_gmt":"2023-07-21T10:05:44","guid":{"rendered":"https:\/\/www.marbellaforsale.com\/blog\/?p=3640"},"modified":"2023-07-21T12:05:44","modified_gmt":"2023-07-21T10:05:44","slug":"sales-of-homes-in-spain-slowed-in-may","status":"publish","type":"post","link":"https:\/\/www.marbellaforsale.com\/blog\/sales-of-homes-in-spain-slowed-in-may\/","title":{"rendered":"Sales of Homes in Spain Slowed in May"},"content":{"rendered":"
\"Sales

Sales of Spanish homes fell in May<\/p><\/div>\n

May saw a total of 200,906 property transfers registered, a fall of 5.4% than in the same month in 2022.<\/strong><\/p>\n

Of those transfers, 109,714 related to property sales, an annual decrease of 7%, according to data from the INE<\/a>.<\/p>\n

86.8% of the sales registered in May correspond to urban properties and 13.2% to rustic ones. In the case of urban property sales, 58.9% were for house purchases.<\/p>\n

The number of sales of rustic properties decreased by 6.7% in May in the annual rate, while sales of urban properties by 7.0%. Home sales registered an annual decrease of 6.4%.<\/strong><\/p>\n

Of the homes sold in May, 19% were new build properties, while the remaining 81.0% were second-hand.<\/p>\n

The number of sales of new homes increased by 4.1% compared to May 2022, while that of used homes decreased by 8.6%.<\/p>\n

Sales by Autonomous Community<\/h3>\n

In the month of May, the total number of property sales in Spain<\/a> registered in the property registers per 100,000 inhabitants reached its highest values in Castilla y Le\u00f3n (866), La Rioja (811) and Arag\u00f3n (808).<\/p>\n

Cantabria (18.8%), Principality of Asturias (7.8%) and Extremadura (5.0%) registered the highest annual variation rates.<\/p>\n

In turn, La Rioja (\u201321.8%), Madrid (\u201316.9%) and the Basque Country (\u201314.6%) presented the lowest annual rates.<\/p>\n

Considering registered home sales, the communities with the highest number of transfers per 100,000 inhabitants are Valencia (232), Cantabria (183) and Andaluc\u00eda (173).<\/p>\n

The autonomous communities that presented the highest annual increases<\/strong> in the number of home sales in May were Cantabria (21.1%), Principality of Asturias (8.6%) and Castilla y Le\u00f3n (7.9%). Andaluc\u00eda<\/strong> saw a small increase of just 0.2%.<\/p>\n

In turn, La Rioja (\u201337.0%), Madrid (\u201320.5%) and the Canary Islands (\u201319.2%) registered the greatest decreases. The usually popular Balearic Islands also saw a significant fall registering -17.1% fewer sales.<\/p>\n

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