Spanish housing market sees ten months of growth

THIS year, June saw 17 per cent more property sales than in June 2014 with a total of 30,578 transactions, the tenth increase in a row, according to the National Statistics Institute (INE)).

While sales of secondhand homes increased by a whopping 44.5 per cent to a total of 23,947, sales of new properties fell by 30.6 per cent compared to June 2014 and just 6,631 were registered.

Over the first six months of the year overall sales increased by 9.8 per cent, with the trend veering more and more towards used rather than new homes.

Of the total number of sales registered in June, 83 per cent were within urban areas while just 17 per cent were in the countryside.

The Basque Country and Aragon were the regions that registered the greatest increases in sales (40.5 per cent and 35.3 per cent respectively) while at the other end of the scale they fell by 6.5 per cent in Galicia.