Home sales reached 26,076 operations during June, representing a rise of 8.8% over the same month of 2013, and this economic indicator chained four consecutive months upward, according to data released today by the National Institute of Statistics (INE).
Until March, operations had fallen continuously for ten months, but since that month they have not stopped rising, according to statistics produced by INE with the registered broadcast on property records and therefore relate to intercompany transactions months earlier. However, in the year to date home sales have fallen 5.4%, and 7.3% if compared to May 2013, the report said.
Of the total registered households in June, 90.5% were free (9.9% higher than a year earlier) and 9.5% protected (1.4% less). Moreover, 37.7% of the buildings were new and 62.3% second hand, which means that in June the sale of new houses fell by 3% year on year, while that of second-hand houses rose 17.4%.
As for the evolution of autonomous regions, home sales rose in June in ten and fell in the rest. At the head of the hikes stood Madrid (with an annual growth of 30.4%), followed by Extremadura (25.7%), and Navarra (19.3%). Castilla-La Mancha (21.6%), La Rioja (12.8%) and Castilla y León (10.3%) led the declines.
During the sixth month of the year, the total number of plots borne on the Property Registry from deeds done previously was 125,817, which means a 8.8% less if compared to June 2013, and 8.3% compared to May 2013.
Property sales totaled 56,250, with an annual rise of 5.9%, while donations were down 14.5% (3,424), swaps grew 6% (534), and inheritance fell 1.2% (29,264). The land consolidation, horizontal divisions, joint ventures or mixtures of several titles transmission, transmissions Untitled acquisition, payment in kind, foreclosures, and judicial awards fell 28.2%, to 36,345 operations.
Source: El Confidencial