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Home sales increased by 18.8% in June – Diario de Burgos

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Activity continues to recover in the markets after the uncertainty generated by the coronavirus pandemic. And this is reflected in the main indicators. Thus, the sale of homes rose by 18.8% last June compared to the same month of 2021, to add 58,010 operations, as reported yesterday by the National Institute of Statistics (INE). With this year-on-year advance, this type of operation has chained 16 consecutive months of positive rates. According to the INE, this latest upturn was a consequence of both the increase in new construction operations, which grew by 7.1%, to 9,822 transactions, and of the increase in the sale of used flats by 21.5%, to add up to 48,188 operations. 92.6% of the properties transferred by sale in the sixth month of the year were free homes and 7.4%, protected. In the first case, transactions rose by 20.1% year-on-year, while in the second, they increased by 4.7%, accumulating a total of 4,309 operations. As can be deduced from the report presented, the number of home sales made between natural persons in June was 41,420, which is 20% more than in the same month of 2021. Compared to May, the indicator fell by 3.4%, which is 7.2 points less than in the same period of the previous year. Furthermore, in the first six months of 2022, transactions increased by 23.1%, with advances of 26.2% in the case of second-hand houses and 11% in new ones. Communities with the highest number of transmissions per 100,000 inhabitants were the Valencian Community (222), Andalusia (185) and the Region of Murcia (184). Likewise, the autonomous regions that presented the greatest annual increases in the number of home sales in June were Canarias (+42.5%), Principado de Asturias (+38.3%) and Cantabria (+37.3%). The only region with a negative variation rate was the Community of Madrid (-6.3%). Fortaleza After knowing the data published by the INE, the main real estate portals highlighted the strength of housing despite the context of market uncertainty. Thus, the director of Estudios de piso.com, Ferrán Font, underlined the “resilient nature” of the Spanish market, despite the “drastic rise in price of variable-rate mortgages.” “The figures are once again excellent news for our industry as one of the main engines of the Spanish economy. This is explained by a very active accumulated demand, investment in real estate as a refuge value and, above all, the anticipation of home purchases in the face of the rate hike by the European Central Bank (ECB)”, he added. From Fotocasa, his Director of Studies and spokesperson, María Matos, highlighted those 16 consecutive months “of strong increases in the number of sales”. “The real estate sector can confirm that it continues to drive and respond to that great interest in buying a home that began last year . The sale of homes continues to be very solid and leading the restoration of the sector,” he commented. Matos estimated that 2022 could close above 600,000 sales if the rate is maintained in the second part of the year, although he warned about the possible effect of the rise of interest rates by the European Central Bank (ECB) and the consequent tightening of mortgage conditions. Meanwhile, idealista’s spokesman, Francisco Iñareta, considered that the volume of closed operations “continues to be very high”, but indicated that in the coming months progress will be made towards the stabilization or even the fall of these figures, as a consequence of inflation and the rise in the price of raw materials.

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