With the Spanish economy growing above 3% in 2016 and leading Europe in terms of GDP, housing took an unknown impulse in the last decade. Real estate purchases and sales increased almost 14%, the highest increase since 2007, the year the crisis began.
A total of 403,866 houses were sold, and 81% were second-hand. The figure is still far from the 775,300 homes that went on sale and were bought in 2007, but is approaching that of other exercises such as 2009 and 2010, with 413,393 and 439,591 floors, respectively.
This movement has been accompanied by a recovery in prices, increasing by an average of almost 5% at the national level, also the biggest advance since 2007. The main rebound was recorded in new houses (6.5%), while the Second hand rose 4.4%.
It must be taken into account, on the other hand, that there are large differences between regions. For example, in Catalonia and the Balearics has been where the number of transactions grew more strongly, above 20%. Madrid, Asturias and the Valencia Region also exceeded the average.
The start of 2017 remains strong for this activity. In January, housing sales increased by 18.1% and in February by 1.2% year-on-year, according to the latest INE statistics. There are already 13 consecutive months where the market registers increases.
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