Spanish property sales have surged 28 per cent in the last year, according to official figures.
Data from the National Institute of Statistics (INE) show that the number of sales recorded in the Land Registry rose 28 per cent in March 2017. There were 36,332 home sales logged in the Register in March, the largest number for that month since 2008 at the tail-end of the market’s peak boom.
The month marks a major step up in activity compared to February, when annual growth was just 3 per cent. The Costa Dorada and Barcelona led sales, according to the INE. Indeed, sales jumped 31 per cent in Tarragona and 29 per cent in Barcelona, which means that Catalonia is home to the strongest increase in demand.
Both existing homes and new homes enjoyed strong increases, with new home sales jumping 19 per cent – the biggest increase since August 2010 – and resales soaring 28 per cent.
