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House Sales Confirm a Double Trend: Their Best Streak Since 2007 & Moderation

The figures from INE reflect the best data for the month of July since before the previous bubble, but the YoY rise went from almost 19% in June to 8% in the seventh month of the year.

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The INE has published figures to support the feeling that has haunted the real estate market since the beginning of summer, when the European Central Bank initiated the rate hike cycle and the realization hit home that the war in Ukraine is not going to be short-lived. Since then it’s been clear that the second half of the year would be more prudent in terms of real estate activity.

Yes, the market is continuing to look healthy in general, but it is also showing signs of the end of the historical period in terms of activity and price increases.

Read the full article in Spanish.

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