Spain’s Property Market Hits a New Record High

According to data from the National Institute Statistics, the number of Real Estate Transactions in Spain for May 2017 rose up to 23%, the highest figure since February 2011.

Residential transactions closed at 44,782 during the fifth month of 2017, with 37,049 on old houses and 7,733 on new houses. The purchase and sale of housing is estimated to reach 500,000 by the end of 2017.

The largest number of housing sales occurred in the Balearic Islands (214), followed by Communidad Valenciana (175) and Andalusia (132), however Andalusia is the region with the highest number of housing operations to date, with 8,685 sales, followed by Comunidad Valenciana, 6,853 and Madrid at 6,199.


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