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Spanish property sales figures show significant growth

The latest residential property sales figures in Spain published by the National Institute of Statistics (INE) show that the number of transactions registered in September was 12% higher than last year at 30,976, maintaining a recovery that began in March 2014, according to the National Institute of Statistics (INE).

The latest Spanish property data shows that the market has recovered from the lows of the crisis years, but is still a long way from the highs of the boom years, which peaked in 2007.

Resales rose 17% and new homes sales down 1%, but the latest figures suggest that the sharp declines in new home sales have virtually come to a halt.

There are, as always, regional variations, with the latest Spanish property data showing that the recovery is not as strong in some areas of Spain as in others.

Focussing specifically on where overseas nationals tend to invest, growth is strongest in the Balearics, followed by Almeria, and Barcelona.

Focussing solely on September, compared to last year, sales were actually down in Malaga, incorporating the Costa del Sol, which largely reflects a significant fall in British demand post-Brexit.

Property sales growth was also below average in Alicante, home to the Costa Blanca, another region popular that typically attracts British buyers.

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