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The purchase of housing is shot 29.7% in April after the Easter break

Transactions record their biggest rise of the year after the fall of March for the holidays

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The purchase of housing is shot 29.7% in April after the Easter break

The sale of housing was fired in month of April when it recorded biggest increase so far this year. The transactions of houses registered in registers of property in Spain increased by 29.7% with respect to April of 2017, until adding 42,014 units. This accelerated rises with a month of March marked by Easter that ended with lowest number of sales of houses and flats (39,579, a 3.1% annual less). In fact, between one month and anor (from April to March) The increase in operations was 6.2%, which means 26.9 points more than previous year, according to National Statistics Institute (INE). The good data of March also exceeds two months of strong progress in January and February, in which y changed hands 23% and 16% more homes, respectively.

Thus, effect of Easter holidays is saved with note and so far this year sale of homes up already 15.6%. In addition, "closed operations in last 12 months are 16.8% more than previous year, which is highest rise since re are Records (2007) but follows in line with increases that were occurring in recent months and confirms good mome Nto that lives sector and return of confidence of Spanish in real estate market, "says Fernando Encinar, head of studies of Idealista. Still, numbers of Spanish housing market are still far from records of most buoyant months of brick, where in a single month y sold twice as much houses as now (83,713 units in January 2007). "Credit consolidation, improvement of economic context and good prospects for sector and economy in general explain this revival of demand for housing, although levels of activity and prices remain far from highest recorded During real estate boom, "says Beatriz Toribio, director of Photocasa Studies, which speaks of" clear signs of recovery. "

90% of operations that were closed in April were of free housing and 83% of second hand, although INE emphasizes that transactions increased for all types of houses. The free grew by 30.4% and protected by 23.3%. The new ones rose 29.3% and used ones increased by 29.8% compared to April 2017.

Also all autonomous communities recorded increases in number of operations. The regions that presented largest annual increments were La Rioja (59.1%), Murcia (50.2%) and Castilla-La Mancha (48.7%). In middle of table were located Madrid, with an increase of almost 30% per annum, and Catalonia, where purchases grew 22.7%. For its part, Baleares (13.8%), Basque Country (16.5%) and Cantabria (17.8%) counted lowest annual variation rates in April.

With regard to number of farms (rustic and urban) transmitted registered in property records (from public deeds previously made) totaled 161,444 units, which is 20.8% more than in same month of 2017. According to INE, as in 2018 Easter was held in March and in 2017 was in April, it is advisable to analyze period added March-April, in which "re is an increase of 4.8% of number of farms transmitted compared to same bimestre of 2017".


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