8 Oct, 2021 @ 16:00
1 min read

Spain property sales rocket above pre-pandemic levels

Property in real estate window. Cordon Press
Property in real estate window. Cordon Press Proximity retail trade opens its doors in Phase Zero of a "New Normality" regulated by the Government of Spain to de-escalate confinement. (Photo by Paco Freire / SOPA Images/Sipa USA) *** Local Caption *** 29830536

HOUSE sales in Spain in August rose by a whopping 41% from the same month in 2019 after a surge in interest following the pandemic lockdown.

Nearly 47,000 houses were sold in August, up from around 33,000 two summers ago, according to data released by Spain’s College of Registrars on Thursday.

Property experts believe demand is booming after people reassessed their life choices while confined in the strictest lockdown in Europe, when Spaniards weren’t even allowed outside to exercise.

For many, the experience of being confined at home sparked a decision to move house, with properties with gardens or terrace being the most sought after.

The property market had also stagnated due to economic uncertainty during the pandemic and with restrictions preventing movement around Spain.

But Spain’s property market seems back on track with Spain’s property portal Idealista even reporting that 11% less properties for sale in Madrid than a year ago as demand outstrips supply.

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Fiona Govan

Fiona Govan joined The Olive Press in March 2021. She moved to Spain in 2006 to be The Daily Telegraph’s Madrid correspondent and then worked for six years as Editor of The Local Spain. She lives in Madrid’s Malasaña district with her dog Rufus.

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