Andalucía saw a 27.3% increase in home sales
The total number of transferred properties registered in the property registers (from public deeds) in the month of March is 227,773, which is 13.1% more than in the same month of 2021.
In the case of registered property sales, the number of transfers is 120,462, showing an annual increase of 20.9%. These figures further confirm the recovery of the market following the two years the country was in lockdown for the pandemic.
86.4% of the purchases registered in March correspond to urban properties and 13.6% to rustic properties. In the case of urban, 56.9% are home sales.
The number of sales of rustic properties increased 9.5% in the annual rate in March and that of urban properties 22.9%. Within the latter, home sales registered an annual increase of 25.6%.
The number of sales of new homes in Spain increased by 15.7% compared to March 2021 and that of used homes by 28.3%, according to data released by the INE.
Results by Autonomous Communities
In the month of March, the total number of transferred properties registered in the property registries per 100,000 inhabitants reached its highest values in La Rioja (966), Castilla y León (954) and Aragón (867).
The Balearic Islands (35.1%), Andalucía (27.3%) and Valencia (25.4%) registered the highest annual variation rates.
On the other hand, Cantabria (–11.0%), Comunidad Foral de Navarra (–8.3%) and La Rioja (–8.2%) 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 (213), the Balearic Islands (197) and Andalucía (182).
The communities that presented the greatest annual increases in the number of home sales in March were the Balearic Islands (99.5%), Valencia (40.1%) and Andalucía (37.1%).
For its part, the smallest increases occurred in the Community of Madrid (4.5%), Cantabria (6.5%) and Galicia (10.0%).
