The number of properties sold in Spain in 2022 increased by 6.1% and prices were up by 7.2% compared to 2021, according to official stats released yesterday by Spain’s Notaries. Regionally, the two which stand out in terms of volume of properties sold in 2022 were the Canary Islands with +26.9% and the Valencian Community with +14.0%. Andalucia was +2.7%
Although I haven’t studied the full breakdown, according to the press release.. “2022 showed a marked cooling, with increases in the first quarter that were diluted or reversed in the last quarter of the year,” echoing what many agents experience on the ground here on the Costa del Sol.
As we predicted it was a year of two halves, in fact figures for December 2022 show that the sale of homes decreased by 17.8% year-on-year, with average prices practically stable (0.5%).
Press release here: https://bit.ly/3HJKRhl