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Last Updated on 18/07/2023 by STEPHANE
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A yearly growth rate of 1.2%
The”Instituto Nacional de Estadistica” just released the last number of transactions for the month of February 2017, it is 35 610. Compared to February 2016, it is an annual growth of 1.2%.
La Rioja, Castile and Leon and Catalonia with strong growth rate
The analysis per region is mixed: La Rioja, Castile and Leon and Catalonia benefit from growth higher than 9% and Galicia, Cantabria and the Basque Country are falling by between 6 and 16%.
Andalusia, Catalonia, Madrid and the Valencian Community
The four biggest regions in terms of transactions are:
- Andalusia with 6605 transactions and a yearly change of -2%
- Catalonia with 6062 transactions and a yearly change of 9%
- The Valencian Community with 5426 transactions and a yearly change of 5%
- Madrid with 5316 transactions and a yearly change of 1%
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 18.5% of the transactions. Madrid and the Valencian Community represent each 15% 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.
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 invest in Spain in 2017?