Growing demand from homes in Spain from domestic and foreign buyers boosted the property market in Spain although prices have fallen slightly.
The activity is regarded as good news for the recovery of the country’s real estate market with sales buoyant
According to the latest figures from the Notaries Association in Spain, sales increased by 19.5% in March compared with the same month in 2016.
But the new homes market is not doing as well, with the figures showing that sales of new builds were down by 11.5%. Apartment sales were up by 20.5% and family homes up by 15.6%.
Meanwhile, figures from the land registry show that home sales increased 28% year on year in March, a significant rise from the 3% recorded in February. The growth was led by a 31% rise in the Costa Dorada, followed by a rise of 29% in Barcelona. However, sales fell by 4% in Las Palmas in the Canaries.
