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Housing Sales Rebound 13.6% In the First Quarter

The average price of registered housing up to March stands at €1,781/m2, increasing 4.83% over the previous quarter.

Housing seems to have regained strength compared to the previous quarter, which is reflected in transactions and housing prices. According to the Association of Registrars, between January and March, 129,228 property sales were registered in the land registries, an increase of 13.6% over the previous quarter.

The data confirm the figures provided by notaries and the National Statistics Institute (INE). Thus, the sale and purchase of homes rose by 32.4% year-on-year last March compared to the same month in 2020, to 47,332 transactions. This is the highest figure since July 2019, according to the INE.

In the Real Estate Register Statistics for the first quarter of 2021, the average price of homes shows ‘notable strength’ in both its quarterly and year-on-year results. The 1,781 €/m2 of the first quarter represents an increase of 4.83% compared to the previous quarter, due to the strength in new housing (8.5%), with more moderate growth in used housing (3.42%).

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