House purchases in Spain up 10% in February, square metre rises 3.5% to €1,649

LuxuryHouseMadrid

According to figures released yesterday by the General Council of Notaries, the number of home sales and purchases in Spain rose by 10.3% year-on-year in February, to 53,142 units. The average price per square metre of homes sold stood at €1,649 m2, representing a year-on-year increase of 3.5%.

By type of housing, sales of flats rose by 12% year-on-year in February to 41,474 units, while sales of single-family homes increased by 4.5% year-on-year to 11,668 units.

In terms of prices, the price of flats increased by 1.8% year-on-year to €1,824 m2 , while the price of detached houses rose by 6.5% to €1,303 m2.


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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.