SPAIN’S PROPERTY MARKET IN RECOVERY WITH TRANSACTIONS RISE

04.05.18

The recovery in home sales in Spain is well underway, with transactions rising across many parts of the country.

According to the Land Registry figures, the number of sales increased by 18% in February compared to the same month last year, the biggest February increase since the boom years more than a decade ago.

Home sales have grown by double digits in most months since March 2014, when the Spanish housing market recovery started, but Mark Stucklin of Spanish Property Insight points out sales are still down by 44% compared to the peak year of 2007.

"Sales in the boom years were exaggerated and unsustainable, so not a normal benchmark, but there still looks like room for more growth," he explains. “These figures are based on sales inscribed in the Land Register, not sales completed in the month so they lag the market by a few months. However, figures from the Association of Spanish Notaries for sales that took place in February show they increased by 2.7% so the trend is continuing.”

He continues: “Looking at the evolution of sales by region with a focus on areas that attract foreign buyers in significant numbers, year to date sales have increased strongly almost everywhere except Extremadura, where foreign demand is not a big part of the picture, and Catalonia, where the constitutional crisis and political uncertainty are discouraging foreign buyers.”

Sales are up 59% in Castellón province, home to the Costa del Azahar, in what looks like the first signs of recovery in a coastal market that has suffered the crisis longer and harder than most.

“The overall picture is one of surging sales in most areas of Spain that attract foreigners in significant numbers, with the exception of the Catalan provinces of Barcelona, Girona, and Tarragona. But even in those regions sales were positive, despite the political turbulence,” he adds.

Abode Affiliates

  • Alleyne Real Estate
  • Blevins Franks
  • Coldwell Banker
  • Crane Resorts
  • Dost & Co
  • The Hideaways Club
  • Monaco Real Estates
  • RDO
  • Rosemont Consulting
  • St Francis Links
  • Unique Home Stays
  • Yoo
  • Worldwide Dream Villas
  • Cyan International Properties
  • Enigma Yachts Limited
  • Cornerstone Tax Advisors
  • Lida Cucina
  • Pedini London
  • Alexander James
  • Wings
  • Moore Stephen
  • Ibiza Transit Express
  • Oyster Yachts
  • Destinology
  • Jumeirah
  • Knight Frank
  • Wall Street Luxury
  • Heron Real Estate
  • Edenhurst
  • MG&AG
  • Gama Property
  • Touch Design Group
  • CID
  • St Edward
  • Ultra Villa
  • Luxury Italian Living
  • Habitat First Group
  • BDO
  • 7Storeys
  • Smart Currency Exchange
  • Strutt and Parker
  • Prestige Architects
  • Worldwide Property
  • Panorama
  • Dimora
  • Dominic McKenzie Architects
  • The Coastal House
  • Chamonix Ski Chalet
  • Luxe Caribbean Properties
  • Harry Manning
  • Smart Living
  • Isle Blue
  • MAS Marbella
  • London Fractions
  • QTD
  • Page Architects
  • Millgate
  • Jersey Finance
  • guernsey-relocations-logo
  • viberts-logo
  • b-williams-management
  • kpmg-logo
  • author-interiors
  • Wilkinson Beven
  • BoConcept
  • Ante Vrban
  • Experience Invest
  • Move 2 Gozo
  • Deborah Garth
  • Extex
  • You home
  • Ra Shaw Designs
  • Sarason TV
  • Caudwell Collection

Enter your dream destination