Mon. Aug 19th, 2019

The sale of homes rises 10.1% in 2018 and reaches its highest figure in a decade | Economy

The sale of homes rises 10.1% in 2018 and reaches its highest figure in a decade | Economy



The sale of homes rose by 10.1% in 2018 compared to the previous year, to a total of 515,051 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.

Second-hand store

The upturn in the purchase and sale of homes in 2018 has been due to the growth experienced in the operations on second-hand flats, which increased by 9.9%, to 422,531 transactions, its highest figure since 2007, and also to operations on housing new, 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 transactions, while the sale of protected housing rose 10.3% to 49,968 transactions, the 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 most housing operations last year, with 101,330 sales, followed by Catalonia (81,020), Comunidad Valenciana (78,800) and Madrid (75,845).

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