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February 11, 2016

The best data on sales of real estate in Spain

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Official data on sales of real estate in Spain in December last year, confirmed that the year ended with the best result since 2012, i.e. 354.132 transactions were recorded, according to the National Institute of Statistics. This represents an increase compared to 2014 by 11.1%, but the figures are still far from the figures recorded during the real estate boom in Spain, when it was recorded 775,000 transactions per year. At the same time, fewer homes and apartments in Spain were sold in December 2015 than in November 2015 (-3.9%). However, these indicators still exceeded by 6.8% the number recorded in the same month last year.

Therefore, the past 2015 confirmed the highest sales of real estate in Spain during the last four years, according to data from the National Statistics Institute (INE) of the country. These data reflect real estate transactions in Spain, registered in the land registry, and signed by a notary two or three months earlier. It should be noted that transactions with residential resale properties in Spain dominated the total number, that is, 78% of total sales. At the same time, new homes and apartments in Spain have not registered their best index in the historical series, i.e. 77,865 transactions were made during the past year. Therefore, the trend, which started 22 months ago, continues.

With respect to the December 2015 sale of property in Spain rose by 6.8% year on year to 27,625 operations, which is the fourth lowest level according to annual statistics, and a decrease of 3.9% compared to November 2015. However, the data suggest that during the 16 consecutive months, the positive statistics of sales of real estate in Spain are recorded.

Among the regions of Spain, Valencia (1,322) and the Balearic Islands (1,177) recorded the highest number of transactions per 100,000 inhabitants, while communities with a large increase in the number of sales of real estate in Spain in 2015 have been the Basque Country (17.2%) and Aragon (16.6%). On the other hand, the only negative annual growth has been recorded in the autonomy of Navarra (-1.7%).

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