Spain: Online real estate sales grew 16.3% in 2018 and exceed 122.4M

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

The number of digital transactions in the real estate sector increased by 14.8% last year, to 293,788 operations, according to the latest data provided by the National Commission of Markets and Competition

Ecommerce in the real estate sector continues to rise. The growth of online transactions for real estate real estate services has exceeded the double digit barrier, with an increase of 16.3% during 2018, according to the data released by the National Commission of Markets and Competition (Cnmc).

Last year, the sector received 122.4 million euros in digital transactions. Divided by quarters, real estate reached 24.8 million euros through the online channel in the first quarter; 37.4 million euros between March and May; 37.4 million in the third quarter, and 22.6 million in the last three months of the year.

Compared to the 2017 data, the highest growth in online sales occurred in the fourth quarter of the year. Between October and December 2018, the sector reached 22.7 million euros in sales, 28% more than the 17.7 million registered in the same period of the previous year.

The number of online transactions in the real estate sector also registered a double-digit increase. Specifically, operations grew by 14.8% in 2018, to 293,788 transactions.

Sales of real estate services by Spanish consumers abroad increased by 13.3% to 42.5 million euros. On the other hand, foreign consumers bought 12.6% more in Spanish platforms during 2018, adding a turnover of 61.4 million euros.

The ecommerce through Spanish platforms of the country was the one that recorded a greater increase, of up to 40%. Real estate sales among consumers in the country reached 18.6 million euros, a figure higher than the 13.3 million in 2017.

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

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