The 55,132 operations, 10.8% more, were driven exclusively by second-hand housing
Home purchases and sales rose 10.8% over the same month of 2021 last November to 55,132 transactions, the highest figure in a month of November since 2007, when more than 56,100 purchases were exceeded, the National Bank reports. Friday. Institute of Statistics (INE).
With the interannual advance in November, home sales chains 21 consecutive months of positive rates. However, business growth has slowed by six-tenths compared to the year-over-year increase in October, when home sales rose 11.4%.
The year-over-year increase in home sales in November was the result of the 14.3% increase in used home sales to 45,199 sales, as new apartment sales fell 3% year-on-year to a total of 9,933 transactions.
Of the homes transferred by sale in the penultimate month of last year, 92.2% were free homes and 7.8% listed homes.
Sales of private homes rose 11.7% year-on-year in November to 50,847 transactions, while those of foreclosed homes rose barely 0.5%, totaling 4,285 transactions.
On a monthly basis (November 2022 compared to October of the same year), home sales grew by 6.8%, down from 2021, when business grew by 7.4% in November.
In the first eleven months of last year, home sales increased by 17%, with increases of 20.1% in second-hand homes and 4.6% in new-build homes.
Source: La Verdad
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
