Spanish housing sales fall by 15.6% year-on-year in December vs 15.1% previously


Bankinter: Housing Transactions fell by 15.6% in December year-on-year against a drop of 15.1% previously.

Analysis: The decline in transactions is mainly due to higher mortgage financing costs. The decline in transactionsis expected to continue to accelerate, reaching -20% between 2023 and 2024, although prices are holding up surprisingly well.

About the Author

The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.