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Home sales rose 57.9% in August, according to the National Institute of Statistics

12 Oct
Symbolic Tuesday October 12th, 2021 0

Home sales in August 2021 rose 57.9% compared to the same month in 2020, to a total

of 49,884 operations. These are the latest data published by the National Institute of Statistics (INE). This rise is in line with those registered in July (53.5%), June (73.4%), May (107.6%), April (65.9%) and March (32.4%) , but contrasts with the adjustments registered in February (-4.3%) and January (-15.4%). Operations related to used housing rose 62.6% year-on-year, with 40,275 firms. For its part, new construction rose 40.9% from one year to the next, to 9,609 transactions. The monthly variation for the total number of homes transmitted in August was -0.7%. Regionally, all the autonomies grew compared to last year. The Communities that presented the highest annual increases in the number of home sales in August were La Rioja (84.8%), Comunidad de Madrid (77.3%) and Comunidad Valenciana (72.0%). For their part, the Basque Country (8.3%), Cantabria (20.0%) and Extremadura (21.0%) registered the lowest increases.

Home sale August 2021:

The real estate sector consolidates its recovery and continues to leave the impact of the pandemic behind. Both new and second-hand construction continue to grow strongly, although it is used housing that has registered the greatest growth in the last three months. If the figures continue with the same dynamics until the end of the year, the year-end may be the best in the last decade.

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