The sale and purchase of homes in November grew in all communities, with the exception of the Balearic Islands, where it fell by 4.3%, according to data published Monday by the National Statistics Institute (INE).
The sale and purchase of homes moderated its rise in November to 15% compared to a year earlier and accounted for 54,299 operations, with a drop in transactions close to 22% compared to the previous month, October. In November 2024, new home sales and purchases increased by 37.4% compared to the same month a year earlier to 12,328 transactions. However, second-hand housing transactions continued to be the most numerous in the market, representing more than 77% of the total with 41,971 units, 9.8% more. With this new rise, sales and purchases have recorded a growth of 8.1% with one month to go before the closing figure for 2024 is known, which since the second half of the year has been boosted by the successive falls in interest rates and the consequent reduction in mortgage financing. Although the increases recorded in September and October, which exceeded 40% year-on-year, have moderated, with November’s year-on-year increase, once again in double digits, home sales and purchases have now risen for five consecutive months.
By autonomous community
In the Balearic Islands, compared to November 2023, when 1,221 real estate transactions were recorded, in the penultimate month of 2024 there were only 1,168. The rest of the Autonomous Communities recorded year-on-year increases. The main ones were in La Rioja (58.2%); Community of Madrid (35%); Castilla-La Mancha (33.9%) and Galicia (32.5%). Also with double-digit increases were Castilla y León (28.7%); Asturias (27%); Extremadura (21.2%); the Basque Country (19.1%); Catalonia (16.2%) and Cantabria (12.6%).
