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House Sales Plummet by 48% in Spain

House sales collapsed in every autonomous region during the second quarter of the year, whilst the average house price increased by 3.1% nationwide.

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During the second quarter, when Spain was immersed in the middle of the Covid pandemic, house sales fell in every autonomous region by 48.2% on average, according to data from the General Council of Notaries.

In some regions, the volume of transactions fell by more than 55%. Specifically, in the Canary Islands, house sales plunged by 64% in interannual terms; followed by the Balearic Islands, with a decline of 56.9%; and the Community of Valencia, with a drop of 54.7%.

Read the full article in Spanish.

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