The sale and purchase of homes reaches the highest figure in six years

20minutos.es, Europa Press, 29 August - The sale and purchase of flats and houses has reached its highest level since 2011. According to the registrars, the number of property sales registered in the land registries reached 119,408. in the second quarter of the year. This figure is 10.7 % higher than in the same period of 2016 and the highest since 2011. Compared to the previous quarter, housing sales and purchases grew by 5 1Q03Q.

According to data from the real estate statistics of the Spanish Association of Registrars, in the last twelve months, the number of home sales and purchases totalled 429,624 transactions, which represents a rise of 11.9 1Q03Q and the highest year-on-year figure in the last six years. By type of housing, new home transactions fell by almost 2.1 1Q03Q compared to the first quarter, with 20,065 transactions, in contrast to the 99,343 transactions of used homes, the highest figure in ten years and 6.5 1Q03Q higher than in the previous quarter.

According to the registrars, in the second quarter, 13.1 % of registered sales and purchases were made by foreigners, with 15,600 operations, while on a year-on-year basis the proportion of transactions made by non-Spanish nationals stood at 13.2 %, remaining stable at record highs, with some 56,600 purchases per year.