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Spain's housing sales increase by 16 pct in Aug
Last Updated: 2017-10-12 08:19 | Xinhua
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Spanish housing sales rose by 16 percent in August when compared with the same month of a year earlier,Spain's Statistical Office (INE) reported on Tuesday.

A total of 41,282 operations were registered in the eighth month of the year, with sales of second-hand houses rising by 14.9 percent year-on-year to 33,886 and sales of new houses increasing by 21.3 percent year-on-year to 7,396 operations.

In August, 90.6 percent of the total number of purchases belonged to non-subsidized houses, whose sales reached 37,412 rising by 16.6 percent year-on-year, while sales of subsidized houses increased by 10.2 percent to 3,870 operations.

Spain's housing sales have been rising by four consecutive months in a row year-on-year according to the INE, which said that on a monthly basis, from July to August, housing sales increased by 6.3 percent.

Sales of second-hand houses rose by 5.7 percent from July to August, while those of new houses increased by 8.9 percent. Sales of non-subsidized houses rose by 6.5 percent from on a month-to-month basis, the INE said, while those of subsidized houses increased by 4.1 percent.

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