Sales of new homes grew 37.7% in 2021
The total number of properties transferred in the property registers in Spain in December 2021 reached 178,243, which is 17.6% more than in the same month of 2020.
In the case of property sales, the number is 96,466, representing an annual increase of 26%, according to data from the INE.
86.4% of the purchases registered in December correspond to urban properties and 13.6% to rustic properties. In the case of urban, 57.7% are home sales.
The number of sales of rustic properties increased 9.5% in the annual rate in December and that of urban properties increased 29.0%. Within the latter, housing sales recorded an annual increase of 32.9%.
19.8% of the homes transferred by sale in December were new properties and 80.2% were second-hand. The number of sales of new homes increased by 30.3% compared to December 2020 and that of used homes by 33.5%.
Results by Autonomous Communities
In the month of December, the total number of transferred properties registered in the property registries per 100,000 inhabitants reached its highest values in Castilla y León (720), La Rioja (694) and Castilla–La Mancha (692).
The Balearic Islands (34.1%), Andalucía (32.3%) and the Canary Islands (26.5%) registered the highest annual variation rates.
Foral de Navarra (–7.1%), Basque Country (–0.8%) and La Rioja (2.3%) presented the lowest annual rates.
In terms of registered home sales, the communities with the highest number of transfers per 100,000 inhabitants are Valencia (177), Andalucía (161) and Cantabria (146).
The communities that presented the greatest annual increases in the number of home sales in December were the Balearic Islands (76.1%), Andalucía (50.8%) and the Canary Islands (48.7%).
The smallest increases occurred in Aragon (3.9%) and the Basque Country (11.3%). In Comunidad Foral de Navarra the variation is 0.0%.
2021 Year Results
During the year 2021, 2,152,110 properties registered in the property registries were transferred, which represented 25.8% more than in 2020.
In the case of registered property sales, the number of transfers was 1,145,932, with an increase of 33.5%.
86.2% of the purchases registered in 2021 corresponded to urban properties and 13.8% to rustic properties. In the case of urban, 57.3% were home sales.
The sale of rustic properties increased by 28.6% and those of urban properties by 34.4%. Within the latter, home sales grew by 34.6%.
20.3% of the homes transferred by sale in 2021 were new and 79.7% used. The number of operations on new homes increased by 37.7% compared to 2020 and that of used homes by 33.8%.
2021 by Autonomous Communities
The total number of properties transferred per 100,000 inhabitants reached the highest figures for the year 2021 in La Rioja (9,550), Castilla y León (9,054) and Castilla–La Mancha (8,069).
All the autonomous communities registered increases in the number of properties transferred. The Community of Madrid (34.5%), Cantabria (32.8%) and the Balearic Islands (29.9%) presented the greatest increases. The lowest increases occurred in the Foral community of Navarra (11.0%), the Canary Islands (15.1%) and Galicia (15.4%), although still showing double-digit increases.
Looking only at home sales, the communities with the highest number of transfers per 100,000 inhabitants in 2021 were Valencia (1,992), La Rioja (1,845) and Andalucía (1,772).
The communities that presented the largest annual increases in the number of Spanish home sales in 2021 were La Rioja (42.7%), Andalucía (42.5%) and Cantabria (38.0%). The Basque Country (15.8%), the Canary Islands (22.0%) and the Principality of Asturias (23.5%) registered the smallest increases, but once again, all show double-digit rises.
