INE: 36,856 Homes Sold In June, Up By 19.4% YoY

3 August 2016 – Cinco Días

36,856 homes were sold in Spain in June 2016, which represents an increase of 19.4% compared with the same month last year. According to data published on Wednesday by Spain’s National Institute of Statistics (INE), the volume of house sales have now recorded five consecutive months of YoY increases. The number of operations rose by 1.2% in June compared to May and the cumulative volume of sales during the first five months of the year rose by 16.4%.

90.6% of the homes sold in June were unsubsidised (33,390) and 9.4% were social housing properties (3,466). In annual terms, the number of unsubsidised homes sold rose by 20.6% and the number of social housing properties sold increased by 9.2%. Meanwhile, 17.9% of the homes sold in June were new (6,586) and 82.1% were second-hand (30,270). The number of operations involving new homes rose by 2% and the volume of second-hand house sales rose by 24% with respect to June 2015.

In total, the number of properties sold according to the property registers (based on public deeds signed in prior months) in June was 151,447, which represents an increase of 3.3% compared with the same month in 2015.

By region, according the property registries, the total number of properties sold per 100,000 inhabitants reached their highest values in Aragón (651), La Rioja (634) and Castilla y León (569). The Balearic Islands (+20.2%), Madrid (+11.6%) and Cataluña (+10.2%) recorded the highest YoY growth rates. Meanwhile, Galicia (-15.1%), Castilla–La Mancha (-7.3%) and Murcia (-7.2%) recorded the lowest YoY variations.

On the basis of registered house sales, the autonomous regions with the highest number of sales per 100,000 inhabitants were the Balearic Islands (136), Valencia (128) and Canarias (118). The autonomous regions that recorded the highest YoY variations in house sales were the Balearic Islands (+36.2%), Cataluña (+34.4%) and Castilla–La Mancha (+32.3%), and the most significant decreases were seen in Navarra (-12.7%) and La Rioja (-12.2%).

Original story: Cinco Días

Translation: Carmel Drake