April 20, 2021

The sale of homes reaches its highest figure in ten years – The Province

The sale of homes reaches its highest figure in ten years - The Province

The sale of homesit went up 10.1% in 2018compared to the previous year, up to a total of515,051 operations, its highest figure since 2008, according to the National Institute of Statistics (INE).

Both the second-hand market and the new home market have been the drivers of this annual growth, the fifth consecutive after the sale of homes rose by 2% in 2014, by 11.5% in 2015, by 14% in 2016 and 15.4% in 2017. The one in 2018 was, in this way, the most moderate annual advance since 2014.

In the period of crisis, the worst years for housing transactions were 2009 and 2008, in which these operations plummeted 25.1% and 28.8%, respectively. In 2012 and 2011, double-digit declines were still recorded (-11.5% and -18.1%), while in 2013 the fall was moderated to 1.9% due to the end of tax benefits for the acquisition of housing.

The rebound in the purchase and sale of homes in 2018 was due to the growth experienced in theoperations on second-hand flats, which increased by 9.9%, to 422,531 transactions, its highest figure since 2007, and also to operations onnew homes, which increased 11.1% last year, to add 92,520, its highest volume since 2014.

90.3% of the homes transmitted by purchase during the past year were free homes and 9.7% protected. In total, the sale of free homes rose by 10.1% in 2018, to 465,083 operations, whilethe sale of protected housing rebounded 10.3%, up to 49,968 transactions, its highest figure in eight years. With this increase, the sale of protected housing chains four consecutive years of increases.

In 2018, the highest number of home sales per 100,000 inhabitants occurred in Comunidad Valenciana (2,010), Baleares (1,641) and Andalucía (1,537).

Andalusia was the region that carried out the most housing operations last year, with 101,330 sales, followed byCatalonia(81,020), Valencian Community (78,800) and Madrid (75,845).

The communities that made the least number of home sales were La Rioja (3,599), Navarre (5,976 operations) and Cantabria (6,295).

In relative values, the sale of homes rose in all communities in 2018 minus Baleares, where it fell by 2.9%. The regions where these operations increased the most were Murcia (+ 24.3%), La Rioja (+ 18.9%) and Castilla-La Mancha (+ 18.1%), while the smallest increases occurred in the Canary Islands andCatalonia, with a rise of 4% in both cases.

The total number of farms transferred increased by 9.2%

Adding rural and urban properties (housing and other buildings of an urban nature), the farms transmitted in 2018totaled 1,967,109, which is the highest figure since 2008 and represents an increase of 9.2% over 2017. It is the fourth consecutive year in which the farms transferred after the growth of 4.9%, 2.9% and of 6.7% registered in 2015, 2016 and 2017, respectively.

Last year, 9.2% more farms were sold through purchase and sale transactions than in 2017, while donation transmissions increased 0.1%, swap operations increased 1.9%, and transfers transmitted through inheritance increased by 4%. , 7%.

According to INE data,the number of purchases of rustic properties increased by 3.9% in 2018, up to a total of 138,906 operations, thus chaining two consecutive years of promotions. On the other hand, the purchases of urban properties (where housing is included) increased by 10.1%, to 886,133 operations.

In the last month of 2018, the sale of homes grew by 3.8% in relation to December 2017, to add 33,831 operations. The year-on-year advance of December, with which the sale of homes entails nine consecutive months of increases, is a point higher than that achieved in November.

In month-on-month rate (December 2018 on November of the same year), the sale of homes fell by 19.7%, its second biggest drop in this month after 2017 (-20.5%) in the last five years.


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