The number of Spanish home sales inscribed in the Land Registry rose by five percent in May compared to the same month last year, show the latest figures from the National Institute of Statistics (INE).
There were 42,708 Spanish home sales inscribed in the Land Register in April, and 47,177 if you include subsidised homes (known as VPO) all according to the latest figures from the INE, based on source data from the Spanish Land Registrars’ Association.
These were sales recorded in the Register, not sales that took place in the month. For actual sales in May the figures from the Spanish Notaries’ Association are more timely, and show sales rising 7.7% to 51,896 including VPO. Both sources show the Spanish property market continuing to expand.
New and resale Spanish home transactions
New home sales inscribed in May were up 7% to 8,303, and resales up 5% to 38,874, according to the INE. Off-plan sales are not recorded in these figures, but are now taking up a significant percentage of demand.
Year-to-date (first five months), the market has expanded by double-digits in almost every region compared to the same period last year.
Looking just at May sales were up 18% in Alicante, home to the Costa Blanca – a perennial favourite with foreign investors.
