News: More than 500,000 homes sold in Spain in 2018

A previously published study by the Catalan Caixabank showed that 2018 would close with more than 600,000 homes sold.

However, the results of the Spanish Bureau for Statistics (INE) show that 515,051 homes were sold during 2018. According to the INE, it is the first time since 2008 that more than half a million homes have been sold. In 2008, that number was 552,100 homes.

According to the published data from the Instituto Nacional de Estadística (INE), home sales in 2018 increased by 10.1% compared to 2017. In 2018, 422,531 existing homes (82% of the total) were sold, an increase of 9.9%. % compared to the previous year. A total of 92,520 new homes (18% of the total) were sold in 2018, an increase of 11.1% compared to 2017.

Regions

Most properties were sold last year in Andalusia with 101,300 (+ 13.1%) followed by Catalonia with 81,020 (+ 4%), Comunidad Valenciana with 78,800 (+ 14,7%) and the Comunidad de Madrid with 75,845 (+ 7.7%) sold homes.

In the Canary Islands, 24,006 (+ 4%) homes were sold, in the Murcia region 16,387 (+ 24.3%) and in the Balearic Islands 15,427 (-2,9%), the only autonomous region where the number of homes sold decreased. compared to 2017.

Dutch and Belgians

The research data from the Spanish Bureau of Statistics (INE) does not mention the nationalities of the home buyers, but at the end of December the Caixabank report did mention this.

According to the figures of the Catalan bank, the Belgians bought 0.84% more homes in the second quarter of this year and the Belgians have a 6.43% share among foreign home buyers.

The Dutch bought 0.34% more homes, which ensured that the Dutch had a share of 2.63% of the total number of foreigners who bought homes in Spain.