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Property sales in Spain are up 4.1% for December and +12.7% for the year

20 Feb
2018

Click on any flag to get an automatic translation from Google translate. Some news could have an original translation here: News     Nouvelles     Nieuws     Noticias     Nachrichten

Property sold in Spain rose by 9.2% in December to 32.211 units.

The INE, the “Instituto nacional de Estadistica”, the Statistic office in Spain has released the last numbers for property transactions in December.

In December, the number of dwellings sold was 32.211 units:

Urban vs Rustic properties (including land)

  • Urban properties 54.510 +6% vs last year
  • Rustic properties 9.625 -5.5% vs last year

 

Newbuild vs existing

17.8% of properties sold in December are new and 82.2% are existing properties. If we compare that to December 2016, the growth in transactions for newbuild is 11% and is 8.8% for existing properties.

Protected vs not protected

  • Protected housing sold were 10.3% vs 89.7% for not protected.
  • That is a growth of 16.5% for protected and 8.4% for free housing.

 

Top 3 Autonomous Communities 

  • Andalusia, 6.287, +10.7%
  • Valencian Community, 4.980, +25.5%
  • Catalonia, 4.749, -5.7%
  • Community of Madrid, 4.721, +10.2%

 

 

Biggest growth

  • Castilla la Mancha +44.4%  (1.343)
  • Aragon +32.5% (979)
  • Principalty of Asturias +31% (600)
  • Valencian Community +25.5% (4.980)

 

Negative growth

  • La Rioja, -17.5%, (188)
  • Balears, -8.3% (1083)
  • Catalonia, -5.7% (4.749)
  • Basque Country, -5.4% (1.128)

 

Review of the property transactions in Spain for the year 2017 

1.787.776 Transactions in 2017 vs 1.687.700 in 2016

  • 933.104 properties sold in 2017 or a growth of 12.7% (vs a growth of 9.5% in 2016, 8.5% in 2015 and 1.6% in 2014)
  • 464.423 dwellings sold in 2017 or a growth of 14.6% ( vs a growth of 14% in 2016, 11.5% in 2015 and 2% in 2014)
  • 418.915 were free housing and 45.508 were protected
  • 381.163 are existing housing while 83.260 are newbuild properties which

 

Top 4 Autonomous Communities in terms of the number of transactions for 2017

  • Andalucia with 89.337 dwellings, +12.6%
  • Catalonia with 76.369 dwellings, +13.6%
  • Community of Madrid with 70.203 dwellings, +18.9%
  • Valencian Community with 68.512 dwellings, +18.1%

 

Have a look at our infographic on where the foreigners are buying real estate in Spain, the top regions are the same apart from Madrid.

Where are foreigners buying in spain? Infograhic

 

Top 4 Autonomous Communities with the highest growth in 2017

  • Castilla la Mancha, +24.7%, 16.693 dwellings
  • Community of Madrid, +18.9%, 70.203 dwellings
  • Valencian Community +18.1%, 68.512 dwellings
  • Asurias +17.5%, 7537 dwellings

 

4 Autonomous Communities with the lowest growth in 2017

  • Pais Vasco +5.4%
  • Galicia +8.7%
  • Extremadura +10%

 

If you want to compare Spanish prices vs European ones, have a look at our earlier article:  What return have you made on your Spanish Property investment in 2017? And 2018?

Source: Find the press release in Spanish here

 

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Stéphane

Senior Analyst and Strategist at HTBIS

Check the full team of HTBIS here

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