According to an article in elEconomista, house sales are growing for the first time in nine years. The average house price rose 7.5% in the second quarter compared to the same period of 2015, while sales soared 23.7% according to the Association of Registrars.
Compared to the first quarter of this year, house sales have increased 8.5% and house prices have increased 2.2%.In addition, new home transactions have accumulated over two consecutive quarters with quarterly increases (0.8%). In the secondary market, the increase was 10.3% from the first quarter.
Best housing data used in eight years
Housing transactions amounted to 80,042,11,380 more than in the previous quarter, according to the same source. This is the best figure in eight years. With nearly 14,000 investments, foreigners accounted for 14.4% of these transactions, compared to 12.9% in the first quarter.
In annual terms, the weight of acquisitions by foreigners stood at a record rate of 13.4%, exceeding the 51,500 operations.
By nationality, the British (19.73%) were placed at the top, followed by Germans (7.38%), French (7.5%), Sweden (6.95%), Italians (5.99%) and Belgium (5.63%).
For more information about spanish housing prices as well as housing prices in countries including Sweden and the UK, read our blog post from the 19th of august here!