Spanish housing market expansion continues in May

The Spanish housing market expanded by 7.7% in May (7.3% seasonally adjusted), according to the latest data from the Association of Spanish Notaries.

 

There were 51,896 sales in total, including social housing, with resale apartment transactions up 6.7% whilst new flat sales were down 12.7%, and single family homes up 16.3%.

The Spanish housing market is now into its fifth year of expansion since the market turned the corner at the start of 2014, as illustrated by the chart below.

 

 

Source & Credit – SpanishPropertyInsight

 

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