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Property Sales Up by 15.6% in August in Catalonia

During August 2021, there were 5,296 residential property sales, a continuation of the previous trend towards added growth.

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According to data from the Notary Association of Catalonia, residential property sales rose by 15.6% in Catalonia in the month of August compared to the year 2020, above the annual average of 11.9%.

José Alberto Marín, dean of the Notary Association of Catalonia, stated that “this upward trend in year-on-year sales and purchases, with greater moderation than in previous months, shows a certain normalisation, which is leaving behind the exceptional nature of the months of the previous year that were most marked by the pandemic. The increase in loans for buying a home, since the new law regulating real estate loan contracts with the reinforcement of pre-contractual notarial intervention, which we value very positively, shows that activity in this sector continues to be active”.

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