Spanish property sales soared by 19.4% in July to reach their best level since 2007 [Video]

SALES in Spain’s housing market jumped by an impressive 19.4% in July to reach levels not seen since the property boom that preceded the Great Recession.

A total of 57,302 transactions were recorded, marking the highest figure for any July since 2007, when over 63,000 homes changed hands.

The data, from Spain’s National Institute of Statistics (INE), indicates a return to positive growth after declines of 6.1% in May and 21.5% in June.

Both new-build and resale properties have contributed to the surge, with new home sales experiencing particularly robust growth. 

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Sales of newly built homes jumped 38.6% year-on-year, with 11,302 transactions, while second-hand home sales increased by 15.5%, reaching 46,000.

In July, the vast majority of homes sold were free-market properties, accounting for 92.1% of the total, with 52,761 transactions. 

Meanwhile, …