Home sales in Spain fall by 15.1% in November, 9.3% for year as a whole

Spain real estateHousing prices could stabilize from 2021 supported by several factors

Alphavalue / Divancons| Home sales and purchases recorded a 15.1% drop last November compared to the same period last year, to a total of 46,888 transactions, their lowest figure for this month since 2020, against a backdrop of higher interest rates. These figures put the annual cumulative fall in transactions up to November at 9.3%.

By type, 19% of the dwellings transferred by sale and purchase were new and 81% were used. Likewise, the number of transactions on new homes fell by 11.1% compared to November 2022 and that of used homes by 16%.

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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.