Home sales up 17.4pc in June, house prices up 1.4pc

Spanish home sales and house prices rose in June, according to the latest figures from the Association of Spanish Notaries. There were 51,477 home sales witnessed by notaries in June, including homes subsidised by the Government (VPO), an increase of 17.4% compared to the same month last year (+16.8% seasonally adjusted).




Excluding subsidised housing, resales were up 19%, and new home sales up 10.8%. The average price of property sold in June was 1,358 €/m2, up 1.4% in a year.


The chart above shows how sales and prices compare to June 2007 at the peak of the real estate boom. Sales are still 40% below their peak (left chart), and prices 30% below (right chart).