More than 350,000 second-hand homes sold between January and August 2022
16 Nov 2022
- Between January and August, an average of 1,488 second-hand homes were sold per day nationwide.
- August was the month with the highest number of transactions since 2017, with more than 47,200 deals and a year-on-year growth of 17%
Between January and August 2022, 361,593 second-hand homes were sold in Spain, equivalent to an average of 1,488 homes sold per day. August was the month with the highest number of housing transactions since 2017, with more than 47,200 transactions, representing a year-on-year growth of 17% according to INE data. This is according to the latest report from Activum Real Estate Consulting, which analyses second-hand sales in the first half of this year.
Increased growth in coastal areas
In this sense, there has been a higher percentage of year-on-year growth in coastal areas than in inland areas. This is the case in Las Palmas, where second-hand transactions have grown by 71%, followed by Santa Cruz de Tenerife with 48%. Toledo and Malaga have registered 46% of growth compared to 2021, and Almeria 39%.
Source: Activum.co.uk a 11/2022. The latest INE data have been taken into account in order to draw up the ranking.
Top 6 cities with the highest sales of second-hand homes in the first half of 2022
The cities with the highest number of second-hand homes sold during the first half of the year were Madrid with 38,892 sales, followed by Barcelona with 32,518, Alicante with 24,724, Malaga with 19,824, Valencia with 19,143 and Seville with 19,143.
11.596.
Source: Activum.co.uk a 11/2022. The latest INE data have been taken into account in order to draw up the ranking.
In contrast, the cities with the fewest sales, without even reaching 1,000 sales, were Palencia with 890 sales, Ourense with 864, Ávila with 854, Zamora with 769, Teruel with 704, Soria with 502, Melilla with 332 and Ceuta with 234.
Source: Activum.co.uk a 11/2022. The latest INE data have been taken into account in order to draw up the ranking.
The profile of the average buyer found in Activum is between 35 and 40 years old, middle class, with a partner and children. There is also a profile of investors who, seeing that the demand for rentals is on the rise and is very well received, are acquiring second-hand assets in order to make them profitable.
