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House Sales Fell by 16.6% YoY in Q3, According to the Registrars

The number of house sales fell by 16.6% year-on-year in the third quarter although they recovered from the impasse of lockdown, according to data from the College of Registrars.

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The Real Estate Activity Registry Index (IRAI) prepared by the College of Registrars recorded an annual contraction of -3.6% during the third quarter of the year, whereby moderating the decrease registered in the second quarter (-10.7%), when it was hit hardest by the restrictions resulting from the State of Emergency. Specifically, the property section, which comprises sales and mortgages, contracted by -6.5%.

In terms of sectoral indicators, 102,197 house sales were recorded in the registries during the third quarter, which represented a reduction of -16.6% compared to the same period in 2019.

Read the full article in Spanish.

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