Spain home sales up 19.4% yoy in June

viviendas obrasTCTFGP.

Housing sales in Spain increased by 19.4% year-on-year in June to 36,856 units, the largest figure since January 2013, according to data released on Wednesday by the Spanish Statistical Office.

Housing sales have now risen for five consecutive months on an inter-annual basis. However the growth registered in June was lower than in May, when home sales rose 23.6% year-on-year.

Both the second-hand market as well as the new homes segment, to a lesser degree, fuelled the June rise in sales.

In the first half of 2016, housing sales registered accumulated growth of 16.4% year-on-year, thanks to the 22.2% rise in transactions in the second hand market.

About the Author

The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.