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The purchase of housing in Spain is up 23% in May 2017

Resale real estate purchase transactions increased 25.4% in May compared to the same month in 2016.

The sale of housing registered in the property registry has increased by 23% in May compared to the same month of 2016, according to the statistics of property rights transmission published by the National Statistics Institute (INE).

According to these data, the number of homes transmitted by sale in May amounted to 44,782, of which 90.8% were free and 9.2% were protected.

Transactions on used homes increased by 25.4% in May compared to the same month in 2016, totaling 37,049, while new home purchases rose by 12.6% year-on-year to 7,733 transactions.

In monthly terms (May over April), housing sales soared 39%, its highest growth in this month at least since 2013.

The autonomous communities that have the largest annual increases in the number of housing sales in May are Castilla-La Mancha (39.4%), Balearics (36.7%) and Asturias (36.2%).

La Rioja, with a decrease of 30.3%; Murcia, with 12.9% less and Galicia, with a decrease of 2.6%, are the communities that registered the only decreases in annual rate.

In a global calculation, the number of transmitted farms registered in the property records in May was 166,093, an additional 10.1% with respect to the same month of 2016. In the case of sales of registered farms, the number of Transmissions is 89,174, with an annual increase of 19.3%.

Tabaira Real Estate helps you find you house for sale in Moraira.

Tabaira Real Estate we are estate agents based in Moraira. If you want to buy homes in Costa Blanca North trust us. We are pleased to be at your service to give the villa of your dreams by the sea. Our villas are located in attractive places such as Moraira, Benissa, Teulada or Benitachell.

Certainly, if you look for a place to enjoy the sun and the Mediterranean Sea, we invite you to explore our properties. You will easily find the property that best suits your needs. Contact us today. We will be pleased to be at your disposal to find the waterfront home you deserve.