Real Estate Activity Fell by 1.5% in Q4 2020

This decline in real estate activity is due to a 6% fall in house sales, as well as a 9.5% drop in mortgage signings.

2020 closed with very different figures to those forecast at the beginning of the year. The outbreak of the coronavirus has caused a paradigm shift in the real estate sector, in particular, and in the global economy, in general.

In this sense, the Real Estate Activity Registry Index (IRAI) compiled by the Association of Property Registrars has confirmed that real estate activity decreased by 1.5% between October and December 2020.

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