The latest data from the National Institute of Statistics reveals that property sales in Spain experienced a significant surge of thirty nine point seven percent in May, totalling sixty one thousand and fifty four transactions. This figure marks the highest volume of property sales for May since two thousand seven. The sustained increase is attributed to a decrease in interest rates, leading to more affordable financing options for buyers.

This upward trend continues for the eleventh month in a row, with an overall increase of twenty point one percent in property sales compared to last year. Notably, the market saw a strong jump in sales across all communities, with Castilla-La Mancha leading the way at an impressive sixty nine point four percent growth.

The most substantial growth was observed in the new property sector, which rose by forty two percent in May, marking twelve consecutive months of increases. In contrast, sales of second-hand homes, which make up seventy nine percent of total sales, also saw an increase of thirty nine percent, highlighting their enduring popularity.

Compared to April, property transactions increased by twelve point four percent in May, further confirming the robust recovery in the housing market. The data illustrates not only a rebound in sales but also a positive trajectory as we move further into the year.