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26.9% growth rate on the Spanish property market in March 2017

20 May
2017

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A yearly growth rate of 26.9%

The”Instituto Nacional de Estadistica” just released the last number of transactions for the month of March 2017, it is 40 461. Compared to March 2016, it is an annual increase of 26.9%.

Aragon, Asturias, Cantabria, La Rioja benefit from growth rate higher than 40%

All regions benefit from strong growth rate apart from Extremadura which is having a smaller growth of 11%

Andalusia, Catalonia, Madrid and the Valencian Community

The four biggest regions in terms of transactions are:

  1. Andalusia with 7976 transactions and a yearly change of +28%
  2. Catalonia with 6832 transactions and a yearly change of +32%
  3. The Valencian Community with 5854 transactions and a yearly change of 38%
  4. Madrid with 5684 transactions and a yearly change of 15%

With no surprises, the four biggest regions in term of transactions are Andalusia, Catalonia, Madrid and the Valencian Community. The number of transactions for those top regions in Spain is higher than 5000. Andalusia and Catalonia represent 20% and 17% of the transactions. Madrid and the Valencian Community represent each 14% of the transactions. It is interesting to compare this with our infographics on where the foreigners are buying real estate in Spain, you will find that Andalusia is the second biggest area for foreigners while the Valencian Community is the biggest region and Catalonia is the third.

Where are foreigners buying in spain? Infograhic

Foreigners are active as well with 17% of the transactions in 2016. Have a look at the transaction history in Spain for both Spaniards and Foreigners:

History of Real estate transactions in Spain, Spaniards and Foreigners

Yearly data. Source: Ministerio de Fomento

 

Check our full report on Why should you buy a property in Spain in 2017?

Source: Instituto Nacional de Estadistica

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Stéphane 

Senior analyst and strategist at HTBIS

Check the full HTBIS team here

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