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Housing Sales Above 44,000 Transactions in February With a Boost in New Builds

A total of 44,833 homes were bought and sold in February, up 1.1% year-on-year, while 24,623 new mortgage loans were granted, up 10.3%.

According to data from the General Council of Notaries, there were 44,833 residential real estate transactions in February, equivalent to a year-on-year increase of 1.1%, which falls to 0.6% in the seasonally adjusted series.

The data once again show generalised, albeit small, rises following falls in January. Housing sales began 2021 with a year-on-year fall of 12.2%, to 34,886 operations, while mortgage loans had a milder decrease of 3.8% compared to January 2020, according to the notaries’ data.

In February, the sale of flats Meanwhile, that of free-priced apartments fell by 3.0%. This fall in the sale of flats stemmed exclusively from a contraction in the sale of second-hand flats (-4.7%), while the sale of new apartments rose by 14.1%. Meanwhile, sales of single-family homes increased by 14.6% year-on-year, reaffirming Spaniards’ interest in gaining space and fresh air after the coronavirus pandemic outbreak.

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