Home Sales Soared 53.5% In July
It has been thirteen years since the sale of homes experienced a rise like the one recorded in July of this year. Specifically, transactions on new and used homes have shot up 53.5% compared to the same month of the previous year, reaching 50,258 units .
The data published by the INE (National Statistics Institute) reveal that most of the operations have been on second-hand homes , which increased by 56.9% compared to the same month of the previous year, which is the most high since May 2007. In the case of new homes, the increase has been 40.2% in the interannual rate.
If the accumulated result of the year is taken into account, from January to July, the sale of homes has increased by 34.5% compared to the same period in 2020, a period that was marked by the restrictions of the pandemic of the coronavirus . Used home transactions rose 32.2%, while new home transactions increased 32.2% in the first seven months as a whole.
Fotocasa experts celebrate the data, and highlight the strength of the sector and the leadership it has in the economic recovery. Of course, they explain that the bulky rise in July could be due to operations that did not materialize due to the coronavirus pandemic.
“This bulky year-on-year rise must be contextualized and explained that it may be the start of the dammed operations. That is, the sales that could not be carried out during the state of alarm began to be executed from July . Even so, if the comparison is made With the same month of 2019, the evolution is positive and there is an increase of 4%, which confirms that not only have the data prior to the pandemic been surpassed, but that the great boom started in 2018 for buying a house continues “, he explains María Matos, Director of Studies and Spokesperson for Fotocasa.
Cantabria and Madrid, the biggest increases
The Autonomous Communities with the highest annual increases in the number of house sales in July are Cantabria (791%; 650 houses), Madrid (78.9%; 7,278 units) and Galicia (66.5%; 1,802 houses).
The only Autonomous Community with a negative variation rate is the Basque Country (6.5% less), while Extremadura (13.3%) and Aragón (28.6%) register the lowest increases .
Andalusia is the region with the highest number of home sales registered in the property registers in July, with 10,598 units.
Regarding the properties transmitted in the property registers, coming from previously public deeds, they reached 183,717 in July , which is 26.2% more than in the same month of 2020. 41, 2% more farms than a year before, while those transmitted by donation increased 2% annually; those transferred by inheritance increased 20.2%, and swap transactions, 47.9%.