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The sale of housing registers its best November in 14 years after growing by 24.4%

The number of homes bought and sold in Spain during the first 11 months of 2021 was 34.7% higher than the same period of the previous year r, which was marked by the outbreak of the coronavirus pandemic and the consequent confinements and restrictions on mobility.

Only in November, the dwellings bought and sold rose 24.4% compared to a year earlier and 7.9% compared to October, the previous month, until 49,895 units, its highest figure in this month since 2007 .

According the data released this Friday by the National Institute of Statistics (INE), the sale of homes in the free market during the first 11 months of the year increased by 35.4% year-on-year, while the transactions of protected homes rose on 27, 8%.

The ones that registered the greatest increase were those of new construction , which saw their volume of transactions rise by 38.4%, compared to second-hand, which in any case rose by 33 .8%.

Of the total homes purchased in November, 91.2% of them were free and 8.8% protected, with year-on-year increases of 23.9% and 29.4%, respectively.

Similarly, 20.7% of the homes transferred for sale in November was new, and 79.3%, used, with increases compared to November 2020 of 30.5% and 22 .9%, respectively.

In general terms, the number of transmitted farms registered in the property registries (from public deeds carried out previously, and include do the transfer of all types of real estate, not just homes) was 183,999 in November, 11.4% more than in the same month of 2020.

86.7% of the purchases registered in November corresponded to urban properties and 13.3% to rustic ones. In the case of urban dwellings, 57.4% were home sales.

The number of sales of rustic properties rose by 3.5% in the annual rate in November and that of urban properties by 22.0%.

In November, the number of transferred farms registered in the property registries per 100,000 inhabitants reached its highest values ​​in La Rioja (884), Castilla y León (758) and Valencian Community (657), although the greatest advances were in Cantabria (33.8%), Balearic Islands (26.0%) and Andalusia (23.3%).

For its part, Comunidad Foral de Navarra (–28.4%), Galicia (–9.1%) and Extremadura (4.0%) presented the lowest annual rates.

Based on registered home sales, the communities with the highest number of transmissions per 100,000 inhabitants were C omunidad Valenciana (188), La Rioja (186) and Cantabria (169), and the most pronounced advances were in the Balearic Islands (70.8%), La Rioja (56.4%) and Cantabria (49.9%).

The only communities with negative variation rates were Comunidad Foral de Navarra (-8.9%), Principado de Asturias (-3.8%) and Galicia (-1.3%).

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