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Housing sales in Spain increased 24.2 percent in August

Staff writer |
Spanish housing sales rose by 24.2 percent in August when compared with the same month in 2014, according to data by Spain's Statistical Office (INE).

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The INE reported that a total of 29,369 operations were registered in August, which meant a 10.2 percent fall on a month-on-month basis, however, housing sales have been rising for 12 consecutive months on a year-on-year basis.

Sales of second-hand houses rose by 50.5 percent in August year-on-year to 23,428 operations, while those of new houses fell by 26.5 percent to 5,941 purchases.

Sales of non-subsidized houses rose by 24.5 percent to 26,570 purchases when compared with a year earlier, representing 90.5 percent of the total number of sales. Sales of subsidized houses rose by 21.2 percent to 2,799 purchases, the INE said.

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