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Online Real Estate Sales were Growing in Spain even Before Covid-19

During the first nine months of 2019, 320,871 transactions were completed online, up by 37% compared to the same period in 2018. Moreover, €146.9 million was invoiced, 47.7% more than in the same period in 2018, according to data from the National Competition and Markets Commission (CNMC).

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The online real estate segment is on a roll. During the first nine months of 2019, 320,871 transactions were carried out online, up by 37% compared to the same period in 2018. Moreover, €146.9 million was invoiced, 47.7% more than the €99.7 million registered in the same period in 2018, according to data from the National Competition and Markets Commission (CNMC).

Specifically, the real estate sector billed €38.2 million online during the first quarter of 2019, €54.1 million between April and June, and €54.5 million euros between July and September. In the absence of data from the final quarter, the sector had already exceeded the €122.4 million invoiced during the whole of the previous year. However, the data does not reflect the impact of the current confinement measures due to Covid-19, since the figures correspond to 2019 only.

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