Home sales rose 16.2% and recorded its best February in seven years

Published on April 25th 2018

The sale of homes rose by 16.2% last February in relation to the same month of 2017, to add 41,480 operations, its highest figure in this month since 2011

The sale of homes rose by 16.2% last February in relation to the same month of 2017, to add 41,480 operations, its highest figure in this month since 2011, as reported by the National Institute of Statistics ( INE).

However, the year-on-year advance in February, with which the sale of homes has ten consecutive months of increases, has moderated with respect to the one registered in January (+ 23.1%).

Transactions on new homes increased by 16.2% in February compared to the same month in 2017, totaling 33,963, while the sale of new homes increased by 16.4% year-on-year, to 7,517 transactions.

90.2% of the dwellings transmitted by sale in the second month of the year were free dwellings and 9.8% protected. The sale of free homes increased by 17.4% in February in interannual rate, to total 37,412 transactions, while operations on subsidized housing advanced 5.8%, with 4,068 transactions.

In monthly terms (February on January), the sale of homes fell by 12.3%, its biggest monthly decrease in a month of February since 2014.

Last February, the largest number of home sales per 100,000 inhabitants occurred in the Valencian Community (164), the Balearic Islands (140) and Cantabria (126).

 

Source: El Economista

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