The sale of housing is back where it was or almost - the pre-crisis levels are still far away. The sale of flats and houses grew 13.9% during 2016, to 457,689 units, according to data from the Ministry of Development. This means that the sale of housing reached its maximum volume last year since 2010. In 2016 396,035 second-hand homes were bought and sold, which also showed a 16.2% increase compared to 2015.
On the other hand, the purchase of new free houses decreased by 3.76% in 2016, to 40,489 units, or 10.5% of the total market.
The housing market is thus in its third year of growth, although the volume of purchases of free flats constitutes less than half of the record of 907,987 flats sold in 2006, the year before the bursting of the housing bubble and at the beginning of the crisis.
By region, all autonomous communities closed with increases in 2016 in the number of homes sold. On the other hand, the most pronounced rises were registered in Catalonia, where the volume of transactions grew by 23%, followed by the Balearic Islands (+22.3), Madrid (+ 17.2%), Asturias %) And Comunidad Valenciana (+ 14%). 16.4% of fourth-quarter homes were purchased by foreigners.
By provinces, Álava is the one with the largest increase in the sale of flats in 2016, 26.6%, ahead of Barcelona (+ 25.3%) and the Balearic Islands (+ 22.3%). On the contrary, only in Teruel (-10.9%) and Lugo (-0.4%), the number of homes sold declined. The sale of apartments closed 2016 on the upside after 125,516 were sold in the last quarter of the year 10% more than in October and December 2015, an increase also driven by the second-hand market, which accounted for 89% of the total, and was the best quarter for second-hand housing since Second of 2007.
With respect to the nationality of the buyer, 16.4% of the total purchases of the last quarter were made by foreigners, which were done thus with 20,806 floors. In particular, foreign residents in Spain purchased 19,922 homes in the fourth quarter of the year, up 9.5%. For their part, foreigners who do not reside in the country were made in 884 homes in Spain between October and December 2016.
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