Home Sales Soared 15.8% in February

Property sales increased in Feb 2016
Property sales increased 5.3% in Feb 2016

February 2016 proved to be a great month for property sales as the number of property transfers increased 5.3% over the same month in the previous year to a total of 154,386 properties.

Sales of housing increased a whopping 15.8% with 34,771 deed transfers registered, according to data released by the National Statistics Institute.

When looking at the type of housing sold, 84.9% was in relation to urban properties, with 15.1% of properties being rural. In the case of the urban properties, 56.7% were residential properties.

Rural properties showing an increase in the annual rate of 4.2%, while for urban properties the increase was 13.9%.

According to the data, 22.5% of the homes sold in February were new properties while resale (second-hand) properties accounted for 77.5% of purchases. This represents a fall of 0.2% on new property while resale properties seem to be responsible for the positive figures after registering a 21.4% increase in February.

By Community

Per 100,000 residents, the communities with the highest increases in property transfers during February were Extremadura and the Balearic Islands, with increases of 29.6% and 26.4%, respectively.

The only two communities to register a negative monthly variation were Andalucia which saw a fall of 10.6% and Galicia where property sales fell 1%, when compared to the same period in 2015. Despite this overall decline, Andalucia recorded the highest number of home sales in February with 6,476 homes sold. They were followed by Cataluña with 5,304 and Madrid with 5,275 home sales.

When looking at sales of residential property, the communities with the highest annual increase were the Basque Country with a massive 50.3% increase, closely followed by Asturias with a 40% increase and Cantabria where home sales increased 38.9%.

Type of Housing

The data suggests that 89.2% of the properties sold in February were free housing while 10.8% was protected. This represents an increase of 16% for free housing while protected housing increased 14.3%.

The data further suggests that when comparing February to January, 2016, sales of residential property increased by 7.3%, representing the first positive February for five years.

 

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Real Estate Saw a Slow Start to 2016

Spanish Property SalesWhile tourism numbers for January increased over the same month last year, we saw a slight drop in the number of Spanish property sales.

The total number of property transfers for January 2016 stood at 136,771, which is a 2.8% reduction from the same period last year.

In terms of property purchases the number is 66,959, representing a decrease of 4.1%.

Of the total number of purchased properties, 84.4% were urban properties, a decrease of 3.7%. Rustic property sales made up 15.6% of the total, representing a 6.2% decrease over the same period in 2015.

In the case of urban property sales, 57.4% were homes, a 2.9% fall.

Of the total sales, 19.5% of homes sold in January were new-build properties while resale property accounted for 80.5%. For new property the figure represents a fall of 28.9% while resale property sales increased 6.6%.

Sales by Autonomous Community

Of the 17 autonomous communities in Spain over half of them saw a drop in property sales in January with La Rioja seeing the biggest fall of over 25%, with only 227 registered sales. The largest gain in terms of annual variation was Navarra which registered an 18,4% increase in sales over January 2015, despite registering only 451 sales.

When looking at the number of sales per 100,000 inhabitants the winner was Valencia, with 113 registered sales. Following close behind was the Balearic Islands and the Canary Islands registering 108 and 101 sales per 100,000 inhabitants respectively.

The full breakdown of properties sold by region is as follows:

Region Number of Sales % Annual Variation
Andalusia 6,216 1.4
Aragon 959 8.9
Asturias 507 2.0
Balearic Islands 976 8.1
Canary Islands 1,748 -16.2
Cantabria 351 -3.3
Castilla and Leon 1,456 0.6
Castilla – La Mancha 1,216 17.9
Catalonia 5,099 -2.0
Valencia 4,444 -2.7
Extremadura 529 -10.6
Galicia 1,142 -7.5
Madrid 4,776 -12.8
Murcia 944 -1.8
Navarra 451 18.4
Basque Country 1,290 6.3
La Rioja 227 -25.3
Total 136,771 -2.9

Property Sales increase in Spain

Property Sales increase in SpainThe Spanish property market because of the rise in sales of residential properties grew by eight per cent in June 2014 compared to last year.

Sales statistics just released from the National Statistics Institute, shows that Spain has seen a year on year increase in property sales for four consecutive months, ending a ten month duration of year on year declines.

Valencia boasts the largest increase of house sales per 100 thousand people, followed closely by the Canary and Balearic Islands.

In relation to this, Madrid performs the highest, with a 30.4 per cent increase. Extremadura, with 25.7 per cent, and Navarra, at 19.3 per cent, placed at second and third.

There has been very positive movement on the Costa del Sol this year. to put it into perspective: there have been four new housing developments within the Costa in 2013 compared with none throughout the previous 3 years. Potential developers need to stay grounded, however, as thirty per cent of recent homes on the Costa are still to be sold.

An average two-bedroom apartment on the Costa del Sol can go for €196,956, while a family home comes in at €393,520.

Experts predict that Spanish property markets is likely to stabilise towards latter part of the year.

Costa del Sol leading the way for Property Recovery

A recent study has provided evidence that there has been an increase in house prices in Marbella and Manilva. Off-plan new developments seem to have reached their minimum prices and indications are now showing a rise due to foreigners.

Two areas in Spain are showing definite signs of property recovery, Costa del Sol and Costa Blanca. The study that was undertaken gathered information from 60 coastal regions of Southern Spain and demonstrated due to financial establishments lowering prices that property was now selling faster.

Its still early days in respect of the Spanish construction industry however areas in the Costa del Sol and Costa Blanca are showing very positive signs. New constructions in the Estepona and Marbella area, which have been built with the foreign market in mind are building good interest.

The general consensus is that property prices are now slowing however this is only in certain areas of Southern Spain. Prices on the Costa del Sol for example have dropped to their lowest averaging a 1.1% drop in the first quarter of 2013 and 2014.

It is thought that property sales may increase as much as 25% this year in Marbella due to demand by foreigners.

Property sales increased more in Marbella last year than anywhere else in Spain

The property market in Marbella is recovering and the town is now showing signs of being a leader in this sector. This emblematic town on the Costa del Sol ended last year with a total Property Sales increasedof 3,115 property sales , a figure which is similar to that of 2007, before the bubble burst. In terms of total figures, Marbella is now in a similar position to Malaga city, where the recovery in the property market has failed to take off and the number of sales has fallen for three consecutive years.
The results for property transactions last year, which have just been released by the Ministry of Development, reveal that Marbella is the Spanish town in which the number of sales has increased the most, by 23.6 per cent.

Home sales increase 15.6% in the second quarter

The results of statistics on residential property transactions made before a notary, released on Friday by the Ministry of Development, show that in the second quarter of 2012, 80,235 homes were sold in Spain, which represents an increase of 15.6% over the previous quarter.

In the period between June 2011 and June 2012, the number of notarised residential property transactions amounted to 333,562.

The figure recorded in the second quarter of 2012 represents a decrease of 11.6% compared to the same period of 2011.

In relation to the territorial distribution, two regions recorded positive annual variations, the Canary Islands and Valencia, with increases of 1.4% and 0.2% respectively, while at the opposite extreme were the declines recorded for Cantabria (-36.3%), the Basque Country (-31.1%), Navarra (-30.0%) and Madrid (-28.9%).

Eight provinces registered growth, led by Lleida, with an increase of 28.1%, followed by Segovia, with 27.2%, and Alicante and Las Palmas both with an increase of 4.7%. At the opposite end stood Viscaya with a decline of 44%, followed by Melilla, León, Navarra and Ciudad Real, all with falls of around 30%.

The municipalities which recorded the highest number of sales were Madrid (4,282), Barcelona (2,238), Zaragoza (1,228), Valencia (1,128) and Seville (1,054).

Highlighted for growth among the provincial capitals and municipalities with more than 100,000 inhabitants are Getafe (322.9%), Segovia (125.7%), Toledo (109.9%), Badajoz (55.6%), Cáceres (46.6%), and Cordoba (29.0%). As for the largest declines, these were registered in Torrejón de Ardoz (-68.1%), Alcorcón (-62.5%), Móstoles (-58.7%), Fuenlabrada (-55.5%), Bilbao (-46.3%) and Tarragona (-40.2%).

Free housing transactions in the second quarter of 2012 amounted to 72,723, representing 90.6% of the total, while protected housing transactions in this period amounted to 7,512, representing 9.4% of the total.

Transactions for new housing amounted to 23,540, representing 29.3% of the total, while second-hand housing, with 56,695 transactions, recorded a fall of 5.7% year-on-year but an increase of 9.4% compared to the first quarter of 2012.

With regard to the nationality of the buyer, La Moncloa reported that transactions made by foreign residents in Spain experienced growth for the fourth consecutive quarter, namely by 12.1% compared to the second quarter of 2011, with a total of 9,502 sales.

By province, those which registered a higher number of purchases by foreign residents, were Alicante (2,645), Málaga (1,127), Barcelona (847), Santa Cruz de Tenerife (655) and the Balearic Islands (536).

Article source: Kyero.com

June shows 14.4% decrease in property sales

Property transfers decreased in June
Property transfers decreased in June

The number of property sales in June was 54,447 representing a decrease of 14.4% compared to the same period last year, and a decrease of 9.3%, as compared with the previous month.

This is according to figures released by the National Institute of Statistics (INE) which shows that of the total 25,405 were residential showing a decrease of 11.4%.

Statistics on Transfer of Property Rights – June 2012.

The number of property transfers recorded in the land registries, from public deeds previously registered, was 130,294 in June, that is, 8.1% less than for the same month in 2011, and 8.1% lower than in May 2012.

In the case of registered merchantings of property, the number of transfers was 54,447,representing an interannual decrease of 14.4%, and a decrease of 9.3%, as compared with the previous month.

Merchantings recorded in the land registries

84.9% of the registered merchantings corresponded to urban properties and 15.1% to rustic properties. Among the urban properties, 55.0% were merchantings of dwellings.

The number of merchantings of rustic properties decreased 7.8% in the interannual rate in June, while that of urban properties decreased 15.5%. Within the latter, merchantings of dwellings decreased 11.4%.

Registered merchantings of dwellings, by protection system and status

87.3% of transfers of dwellings by merchanting in June were free housing, and 12.7% were protected housing. In interannual terms, the number of transfers of free dwellings by merchanting decreased 10.1% and that of protected dwellings decreased 19.6%.

47.7% of the dwellings transferred by merchanting in June were new, and 52.3% were used. The number of transactions on new dwellings decreased 12.3% and the number of used dwellings decreased 10.6%, as compared with June 2011.

You can see the full press release here: Statistics on Transfer of Property Rights – June 2012

Property sales up on previous quarter

The College of Property Registrars released figures on Friday showing that property sales fell by 26% in the first quarter of 2012 compared to the same period in 2011.

However, the figures also showed an increase of 21.9% over the last quarter of 2011. These numbers are misleading though as the last quarter of the year is traditionally slow for property sales.

The report suggests that the increase is a result of the “especially intense” price drops seen across Spain although I suggest the increase is more likely due to people not shopping for property around Christmas, as is usually the case.

The report says the number of property transactions recorded in the first quarter shows a “relative recovery” in the property market over the last nine months.

The fall in house prices coupled with the continued reduction in IVA on new property sales have encouraged buyers and injected some life into the ailing property market.

El Economista reported that new home sales rose 29.4% compared to the previous quarter with 48,691 sales registered. The sale of second hand properties increased by 14.4% to 43,520 transactions.

All regions recorded an increase in property sales over the previous quarter. The greatest volumes were reached in Andalusia (17,240), Madrid (13,685), Catalonia (12,760) and Valencia (11,590).

Property sales decreased 12.8% in March

INEThe National Statistics Institute (INE) have released data showing the number of property transfers in March decreased 12.8%, compared to the same period in 20122.

The number of property transfers recorded in the land registries, from public deeds previously registered, was 146,303 in March, that is, 12.8% less than for the same month in 2011, and 2.7% lower than in February 2012.

In the case of registered merchantings of property, the number of transfers was 58,536, representing an interannual decrease of 20.0%, and a decrease of 12.9%, as compared with the previous month.

Merchantings recorded in the land registries

83.4% of the registered merchantings corresponded to urban properties and 16.6% to rustic properties. Among the urban properties, 52.1% were merchantings of dwellings.

The number of merchantings of rustic properties decreased 10.5% in the interannual rate in March, while that of urban properties decreased 21.7%. Within the latter, merchantings of dwellings decreased 22.7%.

Registered merchantings of dwellings, by protection system and status

86.7% of transfers of dwellings by merchanting in March were free housing, and 13.3% were protected housing. In interannual terms, the number of transfers of free dwellings by merchanting decreased 20.9% and that of protected dwellings decreased 32.8%.

47.9% of the dwellings transferred by merchanting in March were new, and 52.1% were used. The number of transactions on new dwellings decreased 24.3%, and the number of used dwellings decreased 21.3%, as compared with March 2011.

Geographical distribution

In March 2012, the total number of property transfers recorded in the land registries per 100,000 inhabitants¹ was highest in the Autonomous Communities of Extremadura (687), and La Rioja (640).

The Autonomous Communities showing the highest number of registered merchantings of property per 100,000 inhabitants¹ were La Rioja (278) and Castilla-La Mancha (253).

By registered merchantings of dwellings, the Autonomous Communities in which the number of transfers per 100,000 inhabitants¹ was highest were Canarias (87) and Comunidad Foral de Navarra (87).

58.4% of merchantings of dwellings in March 2012 were recorded in four Autonomous Communities: Andalucía, Comunidad de Madrid, Comunitat Valenciana and Cataluña.

You can download the full press release here: Statistics on Transfer of Property Rights – March 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.