All 17 Spanish Regions Record Increase in Property Sales in November
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| Spain continues its property recovery |
Every one of the 17 autonomous communities in Spain recorded an increase in property sales during November 2016 compared to 2015, according
to the latest data from the National Statistics Institute (INE).
While some less-famous Spanish regions had the occasional
sales slump, this clean-sweep of November growth shows just how far the Spanish
property market has come in 2016. The total rise of properties sold in November
was 17.3% higher in 2016 compared to 2015; for a total of 33,806 property
transactions.
The pace of the growth varied from region to region. Home
sales in the Balearics were up 32.8% over the space of a year, with the Canary
Islands experiencing a 26.3% increase and Aragon and Asturias reporting 25%
growth.
When looking at the 11 months of 2016 leading up to
November, the data from the INE shows an increase of 14.6% in sales activity
compared to the same 11 month period in 2015, as some 372,000 homes changed
hands.
The data from November is no different from the other
months. Outside of the occasional blip, Spanish property sales have increased
month-on-month for almost 26 straight months.
This reversal of fortunes is a great sign of just how much
confidence there is in the sector – driven by both an increase in domestic
demand and the ever-present desire for foreigners looking to have their own second home in the Spanish sun.
