Real Estate Ciudad Quesada
More than 40,000 housing purchase transactions are carried out per month in Spain
The last data of the sector, of August of 2017, confirms the good state of health of the sector, totally recovered after the crisis real estate.
The purchase and sale of housing increased by 16% last August compared to the same month of 2016, adding up to 41,282 operations, according to the National Institute of Statistics (INE). With the year-on-year increase in August, the purchase and sale of homes adds four consecutive months of increases.
In month-on-month terms (August over July), home buying and selling increased 6.3%, its second-biggest gain this month in the past five years. Although the August rebound was slightly lower than in July (16.8%), the number of housing sales (41,282) has marked its third best record since February 2011, only surpassed by May and June of this year 2017, when more than 44,000 operations were made.
Transactions on second-hand homes increased by 14.9% in August compared to the same month in 2016, to a total of 33,886, while the purchase of new homes rose 21.3% year-on-year to 7,396 transactions.
The new build properties return to be the protagonist.
The increase in purchase transactions for new housing, which increased by 21.3% year-on-year, is particularly noteworthy. The reactivation of the real estate market has brought an increase in the purchase on plan and of the activity promoter, which will serve to alleviate the shortage of new housing offer.
The Valencian Community, among the regions where more houses are bought in Spain.
The highest number of housing sales per 100,000 inhabitants occurred in the Valencian Community (163), the Balearic Islands (152) and Andalusia (125), while Andalusia was the region with the highest number of housing operations in the eighth month of the year, 8,224 purchases, followed by Catalonia (6,720) and the Valencian Community (6,370).
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