The sale of homes registers its best April since 2008 and grows 12%
By Mas Property
on Mon Jun 20 2022
The INE registers 11.9% more housing transactions compared to 2021 and is close to the data prior to the bursting of the real estate bubble.
The housing market consolidates its trend and continues to post the best data in the last 14 years in 2022. The sale of homes rose by 11.9% in April compared to the same month of 2021, to total 47,349 operations. It is its best data since April 2008 , before the bursting of the real estate bubble, when 54,800 sales were exceeded, as reported by the National Institute of Statistics.
The INE data moderates the figure advanced by the General Council of Notaries, which placed it at a growth of 15.5% year-on-year. With the inter-annual advance in April, which has moderated by more than 13 points compared to the growth experienced in March (+25.6%), the sale of homes has chained 14 consecutive months of positive rates, motivated by the consideration of housing as a refuge value against inflation.
The year-on-year rise in home sales in April was a consequence of both the increase in operations on new homes, which grew by 3.4%, to 8,788 operations, and the increase in the sale of used homes by 14%, up to add 38,561 transactions.
In the first four months of the year, the sale of homes has increased by 23.1%, with increases of 26.3% in the case of second-hand homes and 11.5% in new homes. 18.6% of the houses transmitted by sale in April were new, a figure that accumulates 18 months on the rise, although with the lowest figure in a year, and 81.4% used, after having increased their purchase by 3.4% and 14%, respectively.