Home sales on the rebound

The sale of homes increased by 19.6 percent in January over the same month last year to a total of 45,013 transactions. 51.5 percent of the transactions were performed on pre-owned homes and 48.5 per cent on new properties, according to the National Statistics Institute (INE).

The sale of previously owned homes rose last January by 24.3 percent to 23,168 transactions, while new homes rose by 14.9 percent, with 21,845 operations in the first month of the year 2011.

In January, 58.8 percent of house sales were recorded in Andalusia, Madrid, Catalonia and Valencia. The communities with the highest number of housing sales transactions per 100,000 inhabitants were La Rioja (166) and Cantabria (161).

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