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House Sales Grew by 19.2% YoY in February 2022

House sales grew in February in every autonomous region, except for Navarra (which saw a YoY decrease of -8.3%). The Balearic Islands (43.7%), the Canary Islands (42.9%) and the Community of Valencia (31.2%) recorded the highest rates of growth.

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House sales in Spain are continuing to grow. Specifically, they increased by 19.2% between February 2021 and February this year, to reach 55,524 sales. On the other hand, the granting of mortgage loans for the purchase of homes grew by 8.2% and the constitution of new companies rose by 0.2%.

Prices also increased by 7.9% year-on-year during the same period, to stand at 1,541 euros per square meter, on average, according to data from the General Council of Notaries.

Read the full article in Spanish.

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