A Third Of Spanish Homes For Sale Find A Buyer Within One Month

The percentage of homes selling that quickly is slightly lower than it was before the Covid-19 pandemic began.

A third of Spanish homes for sale find a buyer within one month. The percentage of homes selling that quickly is slightly lower than it was before the Covid-19 pandemic began, according to Spain’s largest online property site.

A third of the homes for sale on Idealista during the month of April had been on the market for less than a month, according to a study by the company.

However, that percentage is lower than recorded before February 2020, when 36 per cent were sold in less than a month. Of the homes that were sold April 2021, 21 per cent were on the market for less than three months, 28 per cent were on the market for less than a year, and the remaining 18 per cent took more than a year to sell.

Despite the national fall, in most Spanish cities the percentage of homes that are sold in less than 30 days has grown. The largest increase occurred in Girona, where quick sales grew from 17 per cent in February 2020 to 40 per cent in June. Swift sales in Leon went from 17 per cent to 33 per cent and in Huelva from 22 per cent to 35 per cent; Cordoba went from 16 per cent to 28 per cent, Santa Cruz de Tenerife went from 22 per cent to 33 per cent and Lugo went from 7 per cent to 17 per cent.

The number of houses selling within a month in Palma went from 28 per cent to 32 per cent and Malaga from 38 per cent to 40 per cent.

In Madrid the percentage of homes sold in a month dropped from 53 per cent to 43 per cent.


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Written by

Deirdre Tynan

Deirdre Tynan is an award-winning journalist who enjoys bringing the best in news reporting to Spain’s largest English-language newspaper, Euro Weekly News. She has previously worked at The Mirror, Ireland on Sunday and for news agencies, media outlets and international organisations in America, Europe and Asia. A huge fan of British politics and newspapers, Deirdre is equally fascinated by the political scene in Madrid and Sevilla. She moved to Spain in 2018 and is based in Jaen.

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