Housing sales latest publications
In December, neither sales nor mortgage origination made up all the ground lost in October and November, ending the quarter with a loss. This was in a context of job creation, but lower household confidence and greater uncertainty in the sector. New housing permits rose in November after falling for three months.
Home sales grew in September, but at a slower rate. Credit approvals for home purchases nevertheless rose more in October than in previous months. Prices continue to trend upwards, but less sharply in Q3 2018. While building authorizations fell in September, the industry did continue creating jobs.
The Spanish real estate market continues to perform well. Job creation intensified in October, confidence rose in September and financial conditions remain favourable. Home sales thus grew in August and, while approvals suffered a bit of a correction that month, residential investment has risen substantially in Q3 2018.
General Counsil of Notariates data reveals that 38.845 homes were sold in May, 10,9% less than in Marchafter correcting for stationarity. With this trend, in line with what was expected after the positive surprise in April, in the first five months of the year home sales grew 16,8% in regards to the same period last year.
According to the General Council of Notaries, 39,461 homes were sold in April. Seasonally adjusted, 18.7% more than in March. With this evolution, better than expected, in the first four months home sales grew 18.0% over the same period last year
In March 2016 38.352 homes were sold according to data from the General Council of Notaries. Seasonally adjusted, 11.2% less than in February. With the end of March, a quarter where the sales performance decreased progressively concluded. However, home sales grew at a 8.5% QoQ in the first quarter of the year.
In January 2016, 27.568 homes were sold according to the General Council of Notaries. After correcting the series of seasonal variations, sales experienced a growth of 20,4%, above what was expected, which translates to an interannual growth of 26,6%.
In December 2015, 41.420 homes were sold according to the General Council of Notaries. After correcting the series of seasonal variations, sales experienced a month fall of 5.0%, which resulted in a quarterly decline of 2.8%. Nevertheless, in 2015 401.236 household transactions were closed, 8.6% more than in 2014