House sales rise again, up 19.4% in July

Social homes in SpainSocial homes in Spain

With the advance of July, the sale and purchase of homes returns to positive rates after the year-on-year declines of 6.1% and 21.5% in May and June, respectively. The year-on-year increase in home sales in July is due both to the rebound in transactions for new homes, which rose by 38.6% year-on-year, the largest increase in three years, reaching 11,302 transactions, and to those involving used homes. The latter increased by 15.5% year-on-year, totaling 46,000 transactions, the highest figure since September 2022.

On a month-on-month basis (July compared to June), home sales rose by 14.4%, while in the first seven months of 2024, there has been a reduction of 1.3%, with an increase of 7.7% for new homes and a decline of 3.4% for used homes.

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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.