Spain home sales up 19.4% yoy in June

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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.