Almost 400,000 Homes Sold
in Spain Across 12 Months to September
Data from the Office of National Statistics in Spain shows that some 395,000 homes were sold in Spain across the 12 months to September.
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| Spain is back with more and more homes being sold. |
This 400,000 figure might be less than the 775,000 homes
that were sold during 2007, it is still a strong sign of the Spanish property market is becoming more active and healthy. It is also a continuation of the
growth period that has seen price increases in 24 out of the past 25 months.
September 2016 saw 34,931 homes change hands, which is an
increase of 13% over September 2015. When looked at as a whole the year of 2016
has seen some 311,000 properties sold so far; an indication that 2016 could see
the most homes sold in a single year since 2008; which was the last year before
the Spanish economy went into a recession following the global credit crunch.
Andalucía saw over 100 homes sold per 100,000 thousand residents, which would suggest that there is a split between the numbers of
local, domestic, and international buyers.
This has always been the way things work in Andalucía. The
Andalucían property market is supported by the sales across the Costa del Sol;
particularly the sales of the luxury homes that are made available to wealthy
buyers through and around Marbella.
