In 2022, the Canary Islands had 31,126 property transations which is 26.94% more than the previous year. This is also the highest increase in the country, according to provisional data from the Real Estate Transactions Statistics of the Ministry of Transport, Mobility and Urban Agenda (MITMA).
On a national scale, 717,558 transactions were registered, 6.42% more than in 2021, and reached the highest level of operations since 2007, when 836,871 were registered. In the fourth quarter, 173,804 sales and purchases were registered, 2.96% more than in the previous quarter, although with a fall of close to 10% in year-on-year terms.
By autonomous communities, all have followed the national upward trend, except Madrid, where sales and purchases fell by 0.7% in 2022, to 90,406 transactions, and Cantabria, with a contraction of 2.77%, to 9,411 transactions.
There were also decreases in the autonomous cities of Ceuta and Melilla, with a fall of 5.79% and 7.83%, with 618 and 647 transactions, respectively.
On the other hand, there was a 26.94% increase in sales and purchases in the Canary Islands, with a total of 31,126 transactions in 2022. Double-digit rises were also recorded in the Valencian Community, where 113,252 transactions were carried out, 14.37% more than the previous year.
NEW HOME SALES AND PURCHASES FALL BY 5.71%
By type of housing, in 2022 there were 67,725 sales and purchases of newly constructed homes, which corresponds to 5.71% less than the previous year, according to provisional data from the MITMA. However, second-hand real estate transactions rose by 7.87%, to 649,833 operations in 2022.
Despite the general fall in new housing transactions, Aragon, Asturias, the Balearic Islands, the Canary Islands, Castilla y León, Extremadura, Murcia, the Basque Country and La Rioja, nine communities in total, broke this trend, with rises of between 0.69% and more than 30%.
The biggest rises, in year-on-year terms, were in Extremadura, with a 35.25% increase and a total of 541 transactions, and in Aragon, with a rise of 34.78%, to 2,011 new-build transactions. The autonomous city of Ceuta also recorded an increase of 59.09%, with 35 new-build transactions.
The sharpest falls in real estate transactions of new housing in 2022 were observed in the Community of Madrid, with a decline of 22.18%, to 10,964 transactions, followed by Galicia, with a decrease of 21.63%, to 1,938 sales, and Cantabria, with 835 transactions, 21.37% less than the previous year. In Melilla, new housing transactions plummeted by 33.83%, to 131 sales.
In the case of second-hand housing, the national increase of 7.87% was driven by autonomous communities such as the Canary Islands, with a rise of 27.5% and a total of 29,075 sales and purchases of used housing, or the Valencian Community, with an increase of 16.06%, to 103,118 transactions.
The transactions on the second-hand properties only fell in three regions. In Cantabria, 8,576 transactions were carried out, 0.48% less than the previous year; in the Basque Country, 21,805, with a decrease of 0.49%; and in La Rioja, 4,680 used home sales and purchases, 0.36% less. In addition, in the autonomous city of Ceuta there was a fall of 8.04%, with 583 sales and purchases of used housing.
