Half a million properties to have been sold in Spain by the end of 2018

Could 2018 be the most fruitful year in terms of property sales since 2008? Recent official statistical data certainly points to this outcome.

Following on from recent Notary data, the Spanish National Institute of Statistics yesterday published its own findings with regards to the number of real estate operations and property registrations in September compared to the same month in 2017…

Across Spain, the former was up 7.7% interannually in September to 14,377 registered operations – enacted after the signing of title deeds – including purchases, donations, permutations and inheritances.

Of this total, 25,957 operations occurred in the region of Andalucía – the home of the Costa del Sol – of which 8,519 were property transactions. According to the National Institute of Statistics (INE), the latter total is a full 15% better than the ninth month last year for the region.

Continuing the trend that has been well-documented in recent months, 19.9% of the 42,766 total home transactions in Spain in September were carried out across Andalucía’s eight provinces.

Again, following on from INE’s latest reports, the southernmost region enjoyed by far and away the highest number of total monthly sales; the second most numerous being recorded in the Community of Madrid (6,754 sales).

Besides this year-on-year and transaction volume data, an interesting statistic highlighted as part of the report is that of year-to-date property sales. The first three quarters of 2018 saw more than 395,000 Spanish residences change hands, with the final trimestre expected to carry on in much the same vein.

Indeed, all indications lead to the 12-month figure reaching – and even surpassing – the 500,000 mark, which would represent the largest volume of sales since the height of the property boom 10 years ago.

For your dream home in the sun, get in touch with the VIVA Team today either by phone on +34 951 272 743 or via our website www.yourviva.com!