Home sales skyrocketed by 40.6% nationwide in March, with 62,808 transactions, the highest figure for this month since 2007, driven by interest rate cuts and the consequent cheapening of financing. The Canary Islands saw the smallest increase, at 1.8%, according to the National Institute of Statistics (INE).
With this new increase, the highest so far in 2025, home sales have not grown at such a high rate since October 2024, marking their ninth consecutive increase.
This increase comes after home sales started 2025 with an 11% rise to 60,650 transactions in January - the highest figure for this month since 2008 - and further increased in February by 13.9% with 59,682 transactions - the highest figure for this month since 2007.
Compared to the previous month, February, housing transactions softened their increase to 5.2%. Thanks to the sharp rise in March, sales grew by 20.7% in the first quarter of the year.
Increases of more than 60% in four communities
By community, home sales grew in all autonomous communities except Navarre, where they decreased by 7.9% year-on-year.
The largest increases were recorded in Castilla y León (66.1%); Basque Country (65.1%); Extremadura (62.7%) and Castilla-La Mancha (60.2%).
Above the average were also Andalusia (55.1%); Murcia (53.5%); Catalonia (52.3%); Balearic Islands (49.9%); Cantabria (45.4%) and Galicia (41%).
Among the major markets, Madrid rose by 24.6%. The smallest increase in March occurred in the Canary Islands, with 1.8%.
In March, 213,557 properties were registered, 29% more than in the same month of the previous year.
New homes up 64% and used homes almost 35%
By type of housing, sales of new homes grew the most, by 64.2%, with 14,562 transactions, the highest figure in a month of March since 2011. Thus, they have been rising for 10 consecutive months.
For their part, second-hand homes - which remain the most numerous, accounting for almost 77% of the total - grew in March by 34.8% to 48,246 units. This is the highest in a month of March since the INE series began in 2007, which compiles this statistic from information contained in the Land Registry.
With this new increase, the purchase of used homes has been on a positive trend for seven months.
By housing regime, free housing totaled 58,568 transactions in March, more than 93% of the total, and recorded a year-on-year increase of 41%. In the case of protected housing, sales grew by 35.8%, to 4,240 transactions.
