House sales soar 42% in the Balearic Islands

Thursday, 21 April, 2022

n the second month of the year, 1,416 homes changed hands in the archipelago.
In Spain, home sales and purchases increased by 24% compared to a year earlier and for the twelfth consecutive month, to 56,623 units, the highest figure for a month in almost 14 years (since April 2008).
Home sales in the Balearic Islands increased by 42% in February (1,416 homes), compared to the same month last year, according to INE data. In Spain, home sales and purchases registered in the property registries in February increased by 24% compared to a year earlier and for the twelfth consecutive month, up to 56,623 units, the highest figure in a month in almost 14 years (since April 2008).
According to the National Statistics Institute (INE), 1.8% more homes were registered in February than in January, which means 5.8 points less than between the second and the first month of the previous year.
In the cumulative January-February sales and purchases increased by 27.4% compared to the same period in 2021.
20.4% of the homes transferred by sale and purchase in February were new (10,921 units). This sector accumulated 16 months of upward growth, although with the lowest rate of increase since January of last year.
Of the homes sold in February, 79.6% were pre-owned (42,702 homes), a figure that had not been recorded since May 2007, almost 15 years ago.
The number of transactions on new homes rose by 9.2% compared to February 2021, and that of pre-owned homes, by 28.4%.
The autonomous communities with the highest year-on-year increases in the number of home sales and purchases in February were the Canary Islands (up 52.2%), La Rioja (46.3%) and the Balearic Islands (42.2%). On the other hand, the smallest increases were in Asturias (8% more) and Galicia (8.8%), with Navarra as the only region with a negative rate (4.6% less in February).
 

New event

Monday, 29 January, 2024

Read more

Discover Vicky Vich

Monday, 01 May, 2023

Who is Vicky Vich?
Today we are getting to know one of the key personalities of our REU family better, the REU Club Events Ambassador, who energizes REU meetings by perfectly combining the unique qualities that make her personality that of a true Empress by nature.

Read more

José Manuel Puga interview

Monday, 01 May, 2023

Patricial Pal, de REU Ambassadors Sections, entrevista a josé Manuel Puga, CEO & Socio Fundador de la Asesoría Puga & Alarcón.

Lee el artículo desde el enlace

Read more

Networking Event 25 of May

Monday, 01 May, 2023

We already have a date for the next REU meeting. Make a hole in your agenda and come meet new people and generate new opportunities!

Now is the time to strengthen strategic relationships within the sector. Come share with us on Thursday, May 25, 2023 from 7:00 p.m. to 9:30 p.m.

Read more

Wednesday, 08 March, 2023

Read more

The price of housing continues to rise, growing 3.3% in the fourth quarter

Thursday, 12 January, 2023

Read more

Rental offer collapses in Mallorca

Thursday, 12 January, 2023

The majority of Spanish provincial capitals (32 of the 52) now have much less rental housing than there was a year ago. In the case of Palma, the drop is up to 30 percent.

The fall in rent in Spain has been evident in the last year. The supply of rental homes has decreased by 17 percent, nationwide during the fourth quarter of 2022, compared to the same quarter of 2021,...

Read more

Ibavi will guarantee the purchase of homes for people with an income of less than €68,500

Thursday, 10 November, 2022

The Balearic Housing Institute (IBAVI) will guarantee 20% of the mortgage down payment for the purchase of a home, a measure aimed at helping all those people with the financial capacity to pay the mortgage loan but who cannot assume this initial expense. All in all, the range of possible beneficiaries arranged by the Government is strikingly wide, since people with an income of up to 68,541...

Read more

The Balearic real estate sector opens the US market

Tuesday, 12 July, 2022

The real estate sector in the Balearic Islands has opened up to the US market by landing on the islands Berkshire Hathaway HomeServices, which Nova Mallorca has acquired, so that it will become the reference real estate agency for the US, as reported yesterday by the Balearic National and International Real Estate Association (Abini).

Berkshire Hathaway HomeServices is the...

Read more

The demand for buying flats exceeds for the first time that of renting

Tuesday, 12 July, 2022

In 2022, the demand to buy a home represents 50% of the market, compared to 38% looking for a rental. The remaining 12% search simultaneously in both markets. This is one of the main conclusions of the Fotocasa Research report 'Radiography of the housing market in 2021-2022' prepared by the real estate portal Fotocasa, for the fifth consecutive year, with the intention of making an...

Read more
Aceptar

INFORMACIÓN
Utilizamos cookies propias y de terceros para mejorar nuestros servicios.
Si continua navegando, consideramos que acepta su uso. Puede cambiar la configuración u obtener más información AQUÍ.