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House Sales Plummet by More Than 50% to Record their Worst Month of May Since 2007

House sales have decreased for three months in a row after falling by 18.6% in March and by 39.2% in April, as a result of the lockdown measures to curb the pandemic.

House sales have fallen to unprecedented levels: in May, they decreased by 53.7% in relation to the same month in 2019, to 22,394 operations, their lowest figure in this month since the start of the series, in 2007, and the lowest figure recorded in any month since November 2013, as reported by the National Institute of Statistics (INE) on Monday.

With this decline, the most pronounced in the entire series, house sales recorded three months in a row of interannual decreases after falling by 18.6% in March and by 39.2% in April, due to the State of Emergency and the effect of the Covid-19 pandemic. This trend was already identified a few days ago by the notaries, who also pointed out that there has been a decrease in mortgages despite rising property prices, which the consequent impact on new build properties.

Read the full article in Spanish.


The Details of the 102 Residential Plots Being Sold by the Community of Madrid

The regional government is going to put 240 publicly owned plots up for sale, of which 102 are for residential use. The jewel in the crown is a plot spanning more than 32,000 m2 in the heart of the Salamanca district.

How Covid is Affecting House Prices: Map of the Decreases by District

The coronavirus crisis is causing house price decreases of up to 70% in some municipalities in Castilla La-Mancha, the Community of Valencia and Andalucía.

Property Developers Launch Large Urbanisations Post-Pandemic

Between April and August, work began on 996 developments in Spain with the ten largest comprising 1,691 homes. Of those ten, which are located in Madrid, the Basque Country, the Community of Valencia and Andalucía, four are being built by Amenabar.

Fearless Despite the Crisis: Property Developers Start Work on More than 27,000 New Homes Since April

Between April and August, work began on a total of 996 developments and 27,882 homes in Spain, according to data from the real estate big data platform Brains RE, with Amenabar, Habitat and Aedas the most active players.

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