House purchases and sales in Spain fall 11.2% in 2023, mortgages 21.3% according to notaries

Spanish mortgages market

The purchase and sale of homes in Spain went down 11.2% in 2023 compared to the previous year and the granting of new mortgage loans to purchase a home decreased by 21.3%, according to data released by the General Council of Notaries.

Altogether, in the Spanish real estate market, 640,451 purchase and sale operations were reached.

By type of housing, apartment sales reached 492,498 units (-10.5% year-on-year), while single-family homes fell to 147,953 units (-13.6% year-on-year).  The price per square meter increased by 1.5% year-on-year, up to €1,640 per square meter.

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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.