Property transfers down 5.7% in April

INEAccording to figures released by the National Institute of Statistics (INE)  the number of property transfers in April decreased 5.7%, as compared with the same month the previous year.

The number of property transfers recorded in the land registries, from public deeds previously registered, was 117,018 in April, that is, 5.7% less than for the same month in 2011, and 20.0% lower than in March 2012.

In the case of registered merchantings of property, the number of transfers was 48,824, representing an interannual decrease of 7.0%, and a decrease of 16.6%, as compared with the previous month.

Merchantings recorded in the land registries

83.3% of the registered merchantings corresponded to urban properties and 16.7% to rustic properties. Among the urban properties, 53.0% were merchantings of dwellings.

The number of merchantings of rustic properties increased 5.3% in the interannual rate in April, while that of urban properties decreased 9.1%. Within the latter, merchantings of dwellings decreased 9.9%.

Registered merchantings of dwellings, by protection system and status 

88.8% of transfers of dwellings by merchanting in April were free housing, and 11.2% were protected housing. In interannual terms, the number of transfers of free dwellings by merchanting decreased 8.2% and that of protected dwellings decreased 21.1%.

46.5% of the dwellings transferred by merchanting in April were new, and 53.5% were used. The number of transactions on new dwellings decreased 11.6%, and the number of used dwellings decreased 8.3%, as compared with April 2011.

Geographical distribution

In April 2012, the total number of property transfers recorded in the land registries per 100,000 inhabitants¹ was highest in the Autonomous Communities of Castilla y Leon (541) and Castilla-La Mancha (519).

The Autonomous Communities showing the highest number of registered merchantings of property per 100,000 inhabitants¹ were Castilla-La Mancha (197) and Castilla y Leon (182).

By registered merchantings of dwellings, the Autonomous Communities in which the number of transfers per 100,000 inhabitants¹ was highest were Comunitat Valenciana (81) and Castilla-La Mancha (70).

60.7% of merchantings of dwellings in April 2012 were recorded in four Autonomous Communities: Andalucía, Comunitat Valenciana, Cataluña and Comunidad de Madrid.

You can download the full report here: Statistics on Transfer or Property Rights – April 2012

¹ This data was calculated from the revision of the figures of the Municipal Register for the year 2011. Only the population aged 18 to 84 years old was considered.