Despite the high housing prices, the latest provisional data published by the National Institute of Statistics (INE) on the transfers of Property Rights for October 2024, reflect that the Spanish real estate market maintains its upward trend. And according to the INE, during this month of October, a total of 231,209 properties were registered in the Property Registry, of which 69,418 were homes, 51.3% more than in October 2023.
Although Used homes are the ones that lead the records (they are 76.6% of them)the rebound in new housing compared to the same month of the previous year is notable, and the annual increase is 83.4%, standing at 16,224 registered transactions, compared to 53,194 second-hand housing transfers.
One more month the data also shows that It is the free homes that are sold and registered the most, being 92.4% compared to 7.6% for officially protected housing (VPO).
Disparity of transmissions between Autonomous Communities
Analyzing the information provided by the INE in the different regions of Spain, it becomes clear that Although there is a general growth trend, there are notable differences between communities.
The Rioja is positioned at the head of the highest year-on-year growth in home sales, with a notable 88.2%. They are followed by Cantabria (81.3%) and the Principality of Asturias (69.8%. In addition, communities such as the Basque Country (68.9%) and Catalonia (63.0%) also stand out for consolidating significant increases.
At the opposite extreme, Navarra registered the smallest increase, with an interannual growth of 13.9%. Other communities with more modest increases include the Region of Murcia (28.5%) and Extremadura (35.8%).
| Autonomous Community | Number of registered operations | % Annual variation |
| Andalusia | 13,549 | 37.3% |
| Aragon | 1,830 | 56.0% |
| Asturias, Principality of | 1,674 | 57.3% |
| Balearic Islands | 1,395 | 18.5% |
| Canary Islands | 2,516 | 36.6% |
| Cantabria | 1,001 | 42.4% |
| Castile and León | 3,445 | 36.7% |
| Castile-La Mancha | 3,401 | 39.9% |
| Catalonia | 10,925 | 33.8% |
| Valencian Community | 10,984 | 41.5% |
| Estremadura | 1,256 | 79.3% |
| Galicia | 2,831 | 45.7% |
| Madrid, Community of | 8,290 | 52.0% |
| Murcia, Region of | 2,365 | 32.2% |
| Navarra, Foral Community of | 697 | 18.0% |
| the Basque Country | 2,517 | 67.4% |
| Rioja, La | 591 | 54.6% |
Regarding the sales of homes registered by autonomous communitiesAndalusia leads the market with 13,549 operations during the month of October, representing a considerable part of the national total. The Valencian Community follows closely, with 10,984 registered sales.
For its part, the Community of Madrid is the third region with the highest number of operations, reaching 8,290 sales.
At the opposite extreme, communities with lower number of sales registered during October 2024 are Lto Rioja, Cantabria and Navarra, with 591, 1,001 and 697 operations, respectively. Despite registering significant growth percentages in some cases.