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 Member Comments

Leave a Reply

Facebook Comments