Home » Property Market » NOTARIES: Sales up and prices down in November 2016

NOTARIES: Sales up and prices down in November 2016

spanish house prices and sales

The Spanish house market was back to double-digit growth in sales in November, according to the latest figures from the Association of Spanish Notaries.

There were 40,464 homes sales witnessed by Spanish notaries in November, up 11.8% compared to the same month last year, and 7.5% when corrected for seasonality (chart above left).

So it looks like the drop to almost zero growth in October might have been a one-off, or at least not the start of a downward trend, for now at least.

For what it’s worth, the property professionals I regularly talk to around Spain report the start of the year has been buoyant in terms of buyer activity.

But average national house prices fell 3.2% to 1,242€/m2 in November (chart above right), which I will cover in my end-of-month roundup of all house price data published in January (Spanish house price index tracker).

SPI NEWSLETTER

Property market news & intelligence, plus valuable articles and tips for buyers, owners, vendors & industry insiders straight to your inbox. Never miss an important heads-up!

By submitting this form you agree to our Privacy Policy & Terms of Use. You will be sent an email to confirm your subscription, so please look out for that.

Leave a Reply