House sales and purchases fall sharply in Spain: transactions down by -10.5% vs. July 2022

Rising house prices is a common phenomenon in many countries

BancaMarch| The sale and purchase of housing has fallen sharply in Spain. In July, housing sales stood at 48,303 units, a fall of -10.5% compared to the same month last year and which intensifies the drop in sales and purchases in the year to date to -5.3%.

By type, 17% of the dwellings transferred by sale and purchase in July were new and 83% were used, with the number of transactions involving new dwellings dropping by -7.4% compared to July 2022 and the number of used dwellings falling by -11.2%.

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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.