The sale of homes breaks with two months of increases after falling 15.4% in January


Madrid

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The sale of homes it fell by 15.4% last January in relation to the same month of 2020, to add 39,753 operations. Despite this decline, the total number of sales is the highest since February, just before the pandemic broke out, as reported on Tuesday by the National Institute of Statistics (INE).

With the year-on-year decline in January, home sales broke with two consecutive months of positive year-on-year rates after the increases in November (1.9%) and December (3.7%).

The year-on-year drop in home sales in January was the result of the decrease in operations on used homes by 18.8%, to 31,337 transactionsand, to a lesser extent, the decrease of 0.4% in operations on new homes, to 8,416 operations.

90.7% of the dwellings transmitted by sale in the first month of the year were free dwellings and 9.3% were protected. The sale of free homes fell by 16% year-on-year in January, to 36,069 operations, while that of protected homes fell by 10%, adding a total of 3,684 operations.

In monthly terms (January 2021 over December 2020), the sale of homes advanced 10.1%, its smallest rebound in a five-year January.

Andalusia, in the lead

Last January, the highest number of house sales per 100,000 inhabitants occurred in the Valencian Community (139) and Andalusia and La Rioja, both with 125. In absolute values, Andalusia was the region that carried out the most operations on housing during the first month of the year, with 8,376 purchases, followed by Catalonia (6,356), Valencian Community (5,577) and Madrid Community (5,277).

Fifteen communities presented negative annual rates in January in the number of home sales, while only Cantabria and Navarra increased their operations, with increases of 4.9% and 0.3%, respectively.

The largest interannual decreases occurred in the Canary Islands (-52.2%), Murcia (-30.4%), the Balearic Islands (-28.5%), the Basque Country (-21.8%) and La Rioja (-19, 4%).

The properties transmitted in the property registers, from public deeds carried out previously, reached 153,600 in January, 17.1% less than in the same month of 2020.

By sale 13.7% fewer farms were transmitted than a year before, while those transmitted by donation fell 3.8% annually; those transmitted by inheritance did not experience variation, and swap operations fell by 13%.

85.5% of the sales in January corresponded to urban properties, which includes homes, and 14.5% to rustic properties. Purchases of urban properties decreased 14.6% annually, while those of rustic properties decreased 7.5% in relation to January 2020.

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