House sales in Spain fall by -6.4% year-on-year in May, compared with previous month’s -8.1%


Alphavalue / Divacons| The sale and purchase of homes recorded a -6.4% drop in May compared to the same month last year, to a total of 56,137 operations, according to the National Statistics Institute (INE) on Friday. With this annual decline, which is almost two points lower than that recorded in April (-8.1%), the sale and purchase of homes has now been negative for four months.

By segment, it is worth noting that 19% of the dwellings transferred by sale and purchase in May were new and 81% used, with the number of transactions on new homes increasing by +4.1% compared to May 2022, while the number of used homes fell by -8.6%.

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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.