Spain: Online real estate sales soar 74% in the first quarter of 2019

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 reached 208,465 euros, 37.8% more than in the same period of the previous year.

Online real estate sales soared 74% in the first quarter of 2019. Online sales in the first half of 2019 reached 108 million euros, 73.5% more than in the same period of 2018, when they obtained a value of 62.3 million euros.

The real estate sector invoiced 48 million euros in the first quarter of 2019, 94.1% more than in the same period of the previous year, when only 24.9 million were reached.

This exponential increase, which almost doubles the value of sales, is primarily responsible for the increase in income of the real estate sector in the network.

Also, the second semester also experienced a 59.8% increase in sales. From April to May the online sales of the real estate sector reached 59.8 million, compared to the 37.4 million obtained in the same period of 2018.

Transactions also increased, although not so steeply. In the first half of 2019, 208,465 operations were reached, 37.8% more than in the same period of 2018, when total sales were made 151,282 operations.

The value of the transactions also increased in the operations carried out from Spain abroad. In the first half of the year, 39.3 million euros were reached, surpassing what was billed throughout 2018, which stood at 33.6 million euros.

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