Bankinter | According to notaries, the number of sales reached 68,128 transactions in June, representing growth of 5.9% (year-on-year) compared to 62,587 transactions in May (a drop of 2.0%). The average price per square metre stood at €1,906/m² in June, representing an increase of 8.0% year-on-year (€1,836/m²; up 6.7% in May).
Analysis team’ view: Good news. The property market is showing strength again after the fall in home sales in May (2.0%). Transactions are therefore recovering, supported, among other things, by interest rate cuts. In our opinion, although demand remains very high, the property market is likely to lose some momentum in H2 2025. This is mainly due to a slowdown in economic growth and a lack of supply. We therefore estimate that transactions will fall by 5% in 2025 and 2026, with house prices moderating to around 5% in 2025 and 3% in 2026.
