The sale of homes soars 29.7% in April

Published on June 26th 2018

In the first four months of the year it has increased by 15.6%

The number of sales of registered homes stood at 42,014 in April, 29.7% more than a year ago, which is the largest increase since January 2007, according to the statistics of transfer of property rights published today by the National Institute of Statistics (INE). In this way, it returns to be positive after the past month of March, for the celebration of Holy Week, this statistic fell by 3.1%.

In the accumulated of the first four months of 2018, home sales rose 15.6%, after the increases of 23.1% in January and 16.2% in February, together with the decrease of 3.1% in March.

In April both the sale of second-hand homes grew, 29.8% more than in April 2017, and the new one, 29.3%, with 83.1% of the total transmissions of the month used. and the new ones, 16.9%. From January to April the sale of homes increased 15.6%, 15.0% the new and 15.7% used.

The rise in second-hand buying and selling (29.8% year-on-year in April) was the highest since two years ago and is assumed to have increased in 48 of the last fifty months.

Free dwellings transmitted by purchase increased 30.4% year-on-year in April, while protected dwellings increased 23.3%, with 90.3% of the total free and 9.7% protected.

 

Source: ABC

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