Home Sales Up 7% in September

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Home Sales Up 7% in September

Used property saw a 10% increase in sales
Used property saw a 10% increase in home sales

Used property saw a 10% increase in sales

The number of transferred properties registered in the property registers in the month of September reached 175,374, representing a fall of 2.1% compared to the same month of 2021.

Looking only at the number of property sales, the number reached 102,987, an annual increase of 0.1%.

Of the sales registered in September, 88.7% related to urban property, with 11.3% rustic. In the case of urban sales, 62.7% were residential property, according to figures released by the INE.

The number of sales of rural properties decreased by 11.1% in September in the annual rate, while that of urban properties increased by 1.7%. Within the latter, home sales registered an annual increase of 6.9%.

17.5% of the homes transferred by sale in September were new properties, while 82.5% were used.

The number of operations on new homes fell by 7.8% compared to September 2021, while that of used homes rose by 10.7%.

Results by Autonomous Communities

In the month of September, the total number of transferred properties registered in the property registers per 100,000 inhabitants reached its highest values in La Rioja (769), Castilla y León (749) and Aragón (698).

The Canary Islands (12.0%), Extremadura (7.5%) and La Rioja (4.3%) registered the highest annual variation rates.

In turn, Community of Navarra (–13.3%), the Balearic Islands (–12.8%) and Cantabria (–12.0%) presented the lowest annual rates.

Considering registered home sales, the communities with the highest number of transmissions per 100,000 inhabitants are the Valencian Community (226), Andalucía (170) and Murcia (169).

The autonomous communities that presented the highest annual increases in the number of home sales in September were The Canary Islands (35.5%), Extremadura (27.2%) and Aragón (18.4%).

For its part, the number of sales decreased in Community of Navarra (–21.9%), Community of Madrid (–4.8%) and Andalucía (–2.2%).