Back in 2004 nearly 400,000 new homes were sold in Spain and about 550,000 resale properties, ie more than 900,000 homes. This compares with less than 300,000 units sold in 2013.Here we show two tables developed by the appraiser Euroval evolution who have collected information of sales by regions.
There are communities in the first nine months of 2013 where new construction transactions fell more than 60% than over the same period of 2012, including the areas Cantabria, Castilla La Mancha and Extremadura.
The sale of resale housing helps generate tax revenue and the movement in the resale market is positive because it helps to stabilize prices, which is a stimulus for the housing market.
Recent developments in the transaction activity is positive, almost 5% of the national average and significant increases in the towns of Rioja, Catalonia, Valencia and the Canary Islands.
However no significant increases were recorded in Andalusia and Madrid, and less in Cantabria, the Balearic Islands remained the same and there were negative rates in the remaining seven regions.
The two graphs shown below give the number of housing transactions per year.