Home sales in March experienced the best month since 2008

Home sales accelerated in March to 59,272 transactions, a maximum since January 2008, according to data published this Friday by the National Institute of Statistics (INE).

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20 May 2022 Friday 01:20
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Home sales in March experienced the best month since 2008

Home sales accelerated in March to 59,272 transactions, a maximum since January 2008, according to data published this Friday by the National Institute of Statistics (INE).

Compared to the previous year, 25.6% more homes were sold, a notable boost just before a change in trend occurred in the Euribor, already in positive territory in April, which would have accelerated operations to anticipate prices higher on mortgages.

With the year-on-year advance in March, trading has chained 13 consecutive months of positive rates.

By type, 80.6% of the homes sold were used (47,800, 28% more than a year ago), while 19.4% were new (11,500, 16% more and a figure that was not seen since 2014). Regarding the regime, 92.1% transmitted by sale in the third month of the year was free housing and 7.9% protected.

The most active autonomies, measuring the data by sales per 100,000 inhabitants, were the Valencian Community, the Balearic Islands -where sales doubled over last year- and Andalusia. Their sales pick up 99.5%, 40.1% and 37.1% respectively.

In the cases of Madrid and Catalonia, progress is more moderate. In year-on-year terms, its sales grew by 4.5% and 14%.

The statistics of transmissions of farms - urban (includes homes), rustic, solar - rises to 227,773 operations, 13.1% more. 20.9% more properties were transferred by sale than a year earlier, while those transferred by donation increased by 1.5% annually, those transferred by inheritance fell by 0.3% and operations by swap decreased by 10% .


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