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House Prices Fell by 2.5% between April and June Whilst the Volume of Transactions Decreased by 13.8%

The pandemic has interrupted the trend of moderate increases, although sources at Gesvalt predict a possible demand-driven rebound effect, boosted by negative Euribor.

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Data about the real estate market already clearly show the effects of the crisis caused by the pandemic. Gesvalt’s regular report on the real estate market shows a 2.5% drop in house prices in the second quarter of the year, when the exit from lockdown had already begun.

The setback is even greater if we look at the accumulated monthly volume of sale and purchase transactions, which decreased by 13.8% during the first four months of the year compared to the same period in 2019. However, the firm explains that the month in which these decreases were the most concentrated was April, the first full month affected by the State of Emergency, during which there was a drop of almost 40%, compared to the same month a year earlier.

Read the full article in Spanish.

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