Feature Suggestions

Home sales register their best February in seven years

The sale of homes rose 16.2% last February compared to the same month in 2017.

It totaled, in total, 41,480 operations. Its highest figure this month since 2011, as reported by the National Statistics Institute (INE) this Wednesday.

The sale of homes chains ten consecutive months of increases . Although, according to the interannual advance of February, this has moderated with respect to that registered in January (+ 23.1%).

Transactions on used homes increased by 16.2% in February compared to the same month in 2017. Totaling 33,963. While the sale of new homes increased 16.4% in the interannual rate. Reaching 7,517 transactions.

Sky marketing offers pleasant space motivated housings and a dynamic social scene at splendid areas like ICHS , Islamabad cooperative housing society

90.2% of the homes transferred by merchanting in the second month of the year were free homes. And 9.8%, protected. The purchase and sale of free homes increased by 17.4% in the interannual rate in February, reaching 37,412 transactions. While operations on protected dwellings advanced 5.8% , with 4,068 transactions.

In monthly terms (February over January), home sales decreased 12.3%. Its biggest monthly decline in a February month since 2014.

Last February, the highest number of merchantings of homes for every 100,000 inhabitants occurred in the Valencian Community (164), the Balearic Islands (140) and Cantabria (126).

Andalusia was the region that carried out the most operations on housing in the second month of the year. With 7,950 merchantings. They are followed by Catalonia (6,610), the Valencian Community (6,420) and Madrid (6,138).

All the communities increased the number of merchantings of houses in February in interannual rate. Except for Extremadura, where they fell by 2.9%. The greatest advances were registered in Cantabria (+ 42.1%), Canarias (+ 31%) and Castilla-La Mancha (+ 27.5%).

The total number of farms transferred rose 7.9%

Adding rustic and urban farms (houses and other urban nature buildings), the farms transmitted last February reached 160,637. It is 7.9% higher than the same month in 2017.

By sale and purchase , 14.7% more farms were transferred than in February 2017 . While donation transfers fell 20.9%, swap operations increased 0.2%. And those transmitted by inheritance advanced 0.3%.

According to INE data, the number of merchantings of rustic properties increased by 9.1% last February, to a total of 11,894 operations. While the merchantings of urban properties increased 15.7%, to 73,016 operations.

In February, the largest number of farms transmitted per 100,000 inhabitants occurred in La Rioja (720), Castilla y León (662) and Aragón (637).

A good time for the housing sector

“Although the total number of merchantings of homes in February decreases with respect to the data for January, the number of operations exceeds 40,000. A very positive level that highlights the good moment that the sector is experiencing ”, explains Beatriz Toribio, director of studies at fotocasa .

"The outlook for the real estate market is very positive as a result of the economic improvement. Also due to the return of interest in the purchase of housing. The sector will consolidate its recovery and growth in 2018. And it will tend towards normalization after the slowdown suffered during the crisis, ”he adds.

Activity levels are very far from those recorded in the boom years . Everything indicates that in 2018 the 500,000 sales operations will be reached. A very positive figure, but one that cannot be compared with the almost 800,000 in 2007. It is closer, of course, to 2008 (552,000), when the crisis erupted, ”explains Toribio.

The awakening of demand has had a direct transfer to prices. Which according to data Price Index of fotocasa , continue to post annual increases not seen since 2007 . And that they exceed 10% in communities such as Madrid or Valencia ”, he tft cheat sheet .

read more: qnnit

  • uTv
  • Sep 18 2020