Spain saw a hike in online real estate sales in 2018

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

Digital commerce in the real estate sector invoiced 62.3 million in the first six months of 2018 and goes back after the slowdown in the first quarter.

The e-commerce in the real estate sector has regained its strength. The growth of real estate digital sales has once again surpassed the double digit barrier and reached 12.3% during the first half of 2018, an encouraging result after the slowdown recorded during the first three months of the year. year, according to data released by the National Commission of Markets and Competition (Cnmc).

The sector, which had a turnover of 62.3 million euros in the first half of the year through the online channel, reached a total of 37.4 million euros during the second quarter, representing 15.3% more than in the same period from the previous year. These figures are also well above the 8.2% rise registered in the first quarter, when progress in the e-commerce of Spanish real estate slowed down. The volume of business then added 24.8 million euros.

These data contrast with the jump of 29.9% that has given the set of electronic commerce in Spain in the first half, with a turnover of 18,306 million euros over the same period of 2017. The weight of real estate in the set of digital sales is still practically residual: it has been around 0.3% for years.

The purchases made from abroad with Spain contributed the best contribution to e-commerce in real estate. They exceeded 20.7 million euros and represented an increase of 12.6% compared to the same half of 2017. The activity generated in the opposite direction, from Spain to abroad, reached 11.5 million euros and grew by 13.7%. Already closed operations within the country exceeded five million euros and grew 32.3% in its year-on-year comparison.

On the other hand, the set of transactions does not go through its best moment. From January to June, real estate transactions in the Network increased by only 10.8%, weighed down by the slight increase of 6.5% in the second quarter of the year. The first, these activities had grown by 16.2%.

In absolute terms, this means that 151,289 real estate transactions were completed on digital platforms throughout the first quarter, 70,509 of which were closed in the first quarter and 80,780 in the second.

The total of the Spanish e-commerce registered in the first semester 315.8 million operations, 35.5% more than the first six months of the previous year.

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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