Home sales soared 22.2% last October in relation to the same month of 2020, to add 46,242 operations, its highest number in this month since 2007, as reported this Monday by the National Institute of Statistics (INE).
With the interannual advance of October, the sale of homes has seen positive rates for eight consecutive months after the increases of 32.4% and 65.9% registered in March and April, respectively, from 107.6% in May, from 73 5% in June, 53.5% in July, 57.9% in August and 40.6% in September.
The year-on-year upturn in home sales in October was the result of an increase in transactions for new homes, which grew by 21.6%, to 9,344 transactions, as well as an increase in the sale of used flats by 22.4% , until adding 36,898 transactions. In the case of new homes, October’s figure was the lowest since May, while the sale of used homes in October was the lowest since April.
91.5% of the dwellings transmitted by sale in the tenth month of the year were free dwellings and 8.5% were protected.
The sale of free homes rose by 22.3% year-on-year in October, to 42,325 operations, while that of sheltered homes increased by 21.3%, adding a total of 3,917 operations.
In monthly terms (October over September), home sales decreased by 13.4%, its biggest decrease in an October in at least five years.
In the first ten months of the year, the sale of homes accumulated an increase of 35.9%, with increases of 39.3% in operations on new homes and 35.1% in the case of second-hand ones.
ANDALUSIA, AT THE HEAD OF SALES
Last October, the highest number of home sales per 100,000 inhabitants occurred in the Valencian Community (175), La Rioja (163) and Cantabria (156).
In absolute values, Andalusia was the region that carried out the most transactions on homes during the tenth month of the year, with 9,550 purchases, followed by Catalonia (7,159), the Valencian Community (7,006) and Madrid (6,300).
In October, only two autonomous communities cut the number of home sales compared to the same month in 2020: the Basque Country (-6.1%) and Asturias (-0.9%).
Year-on-year increases were registered in the other fifteen communities. The largest increases occurred in the Balearic Islands (+ 57.7%), Cantabria (+ 41.2%), La Rioja (+ 41.1%) and the Valencian Community (+ 32.7%), while the smallest corresponded to Navarra (+ 2.4%) and Extremadura (+ 7.8%).
TOTAL PROPERTIES TRANSMITTED UP 5.9%
The properties transmitted in the property registers, from public deeds carried out previously, reached 167,791 in October, 5.9% more than in the same month of 2020.
By purchase and sale, 16.8% more properties were transmitted than a year before, while those transmitted by donation fell by 3.2% annually; those transferred by inheritance fell by 2.9%, and swap operations increased by 1.9%.
86.3% of the sales in October corresponded to urban properties, which included homes, and 13.7% to rustic properties. Sales of urban properties increased by 19.4% year-on-year, while those of rustic properties rose 2.8% in relation to October 2020, to add 12,497 operations.
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