The number of real estate sales increased by nearly 20% compared to October 2021 IN THE CANARY ISLANDS IN OCTOBER 2022

Property sales in the Canary Islands saw a significant increase of 18% in October compared to the same month in 2021, according to data published by the College of Property Registrars. This increase is higher than the national average, which saw a 9.7% increase in property sales in October. Additionally, mortgages on homes in the Canary Islands also saw a 13% increase year-on-year.

In terms of specific numbers

In terms of specific numbers, 48,745 home sales were registered in the property registries in October, which is an increase of 4,300 transactions compared to the same month in 2021. Additionally, the number of mortgages on homes increased to 38,684, a rise of 4,400 compared to October 2021. Mortgages taken out for any purpose totalled 51,241 operations, an increase from 46,608 in October 2021. 

 

Overall, total sales, including non-residential properties, also saw an upward trend in October, with an additional 1,449 transactions compared to October 2021, going from 88,393 to 89,842.

Looking at regions, total sales decreased in ten regions, with the greatest decreases seen in La Rioja (-18.6%), Cantabria (-14.5%), the Balearic Islands (-12.1%), and Navarra (-10.7%). On the other hand, the Canary Islands (18%), Melilla (16.5%), and Aragón (12.8%) saw the greatest increases in total sales.

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