A series of graphs using the latest numbers to show the progression of home sales on the costas and islands over the course of the coronavirus pandemic.
Home sales in Spain rebounded strongly in March compared to the same month last year, when most of the world was staying at home due to the lockdown. When you look at the figures for a selection of the most popular coasts and islands, which attract the most interest from foreign investors, it’s broadly a similar picture, though some areas are doing better than others.
The chart above shows how March sales compared to the same month last year. Huelva province in Andalusia, home to the Costa de la Luz, had a spectacular surge of 78%, bearing in mind that it’s a small market where a modest number of sales can lead to a big percentage change.
At the other end of the scale were the Balearics and Tenerife in the Canaries, where sales in March were lower than the lockdown month of March, for reasons I have yet to investigate.
Alicante province, home to the popular Costa Blanca is showing signs of a poor recovery, with March sales up just 6%, but most other coasts and areas had sales increases in the double digits, which was on the cards. The Spanish capital is making a powerful recovery with sales up 71%
Where are we heading? It depends on the progress of the pandemic, Brexit, and the European economy, which are all helping to influence demand. But, as you can see from the charts below, showing monthly sales over the last two years (left axis) and the annualised change in sales each month (right axis), some areas are recovering faster than others. Doing best are Malaga / Costa del Sol, Girona / Costa Brava, and Barcelona, whilst Alicante / Costa Blanca is lagging behind, and the islands are struggling for now.