Monthly sales figures for Spanish property topping 40,000 as stability reigns

Activity in Spain’s property market is brisker today than it has been for almost a decade.

Analysis of property sales data by Spanish property market valuation and appraisals firm Tinsa has shown that monthly transactions have held steady at and around the 40,000 per month mark for the past few months.

This performance indicates that Spain’s property market has entered into a new phase of growth; a more sustained, steady and encouraging stage that generally follows on from the more rapid increases in property purchases associated with a market’s initial recovery…

The Tinsa analysis runs up to the end of July, a month in which 38,841 Spanish properties were bought. This is a 16.8% increase on the same month in 2016, and also meant that – taken as the end point of a 12-month running total – property sales are running at their highest level for more than six years, reaching 437,000.

All 17 of Spain’s autonomous communities have recorded sales increases, and Tinsa forecasts that 2017 could end with around half a million recorded sales – which would be the highest figure for a decade. For this to happen, though, monthly sales would need to average 44,000 – a figure that might be just a little bit too optimistic currently.

Nevertheless, with steadily growing sales figures and an equally robust economy, the Spanish property market can look ahead into 2018 with an abundance of confidence.