According to data from the National Statistics Institute (INE), home sales operations registered in Spain during the month of January decreased by 5.0% year-on-year, reaching a total of 57,489 units. Of the properties transferred through sale in January, 92.8% were open-market housing and 7.2% were subsidized (protected) housing. In year-on-year terms, the number of open-market home sales fell by 5.2%, while subsidized housing sales dropped by 2.6%.
Furthermore, it is worth noting that 23.6% of the homes transferred in January were new builds, while 76.4% were existing (used) properties. The number of transactions for new homes declined by 3.8% compared to January 2025, and used home operations fell by 5.4%.
However, this apparent slowdown in the real estate market remains to be confirmed in the coming months. Simultaneously, the INE reported that the number of mortgages constituted on dwellings in January rose to 40,273, a 6.3% increase compared to January 2025. The average amount for these operations was €165,677, representing a year-on-year increase of 8.6%.
For mortgages constituted on dwellings, the average interest rate was 2.87%, with an average term of 25 years. 33.3% of home mortgages were set at a variable rate, while 66.7% were fixed-rate. Meanwhile, the average initial interest rate was 2.92% for variable-rate home mortgages and 2.84% for fixed-rate ones.
