And that is that the Spanish Land Registry announced that home sales increased by 19% (39,625 home sales inscribed) in June 2017 compared with the year previously. Monthly home sales have now risen on an annualised basis almost every month since March 2014. Sales dropped off on only two occasions in this period, including April this year, a decline that was due to seasonality.
The figures come from the National Institute of Statistics (INE) and reflect sales inscribed in the Spanish Land Registry, and tend to lag the market by about two or three months.
Looking at the figures on a regional basis, the Alicante market has shown growth year on year of 18% which is above the national average which is 14%, of course Brexit is having an effect on the number of British buyers but it is clear from the number of sales closing (and on the increase), the Brexit effect has so far been negligible.
So what are you waiting for? Check out our property listings on our website now
The press release from the INE can be viewed here:- http://www.ine.es/en/daco/daco42/etdp/etdp0617_en.pdf
The graphs are reprinted from the website of Mark Stucklin of the Spanish Property Insight
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