The latest sales figures from the National Institute of Statistics (INE) shows the market continuing with strong growth sales in the year to May.
There were 60,059 home sales inscribed in the Spanish land registry according to the latest data published by the INE, meaning an overall increase of 28% compared to the same period last year.
Spanish home sales recorded in May broke down between new and resale transactions by 10,268 and 49,791 respectively, meaning a 32% increase in resales and 12% increase in new home sales compared to the previous year.
The figures suggest the market is still riding a wave of strong demand unleashed after the pandemic, though it is important to bear in mind that inscribed sales figures lag actual sales figures by a few months.
Source: INE, July 2022