Follow megafon.net on Instagram

More properties are being sold

Housing sales in Spain increased last year by 11.1 percent compared with the previous year. Especially at the end of the year there was a notable increase.

Illustration photo: istockphoto.com

Illustration photo: istockphoto.com

Instituto Nacional de Estadística (INE) has released figures on housing sales for 2015. 354,132 homes were traded in 2015, which represents an increase of 11.1 percent compared with 2014.

Andalusia was the hottest region, with 70,739 homes sold. Then comes Catalonia (54,541 homes), Comunidad Valenciana (51,788 homes) and Madrid (50,373 homes). The sales increased in most regions, while there was a decline in La Rioja, Extremadura, Navarra, Castilla-La Mancha and Castilla y Leon.

If you look at housing prices, they have increased in all regions except in Navarra where there was a decrease of 1.7%. The largest increase in prices took place the Basque Country, where prices increased by 17.2% and Aragon with 16.6%.

It is also worth noting that homes in the countryside have once again become attractive. For the first time since the real estate bubble bursted in 2008, prices in rural areas have increased. House prices in rural areas increased by 6.5% during 2015.

Typical Spanish house. In this case in Mallorca.

Typical Spanish house. In this case in Mallorca.

Related article: Property prices are increasing.