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Sales of New Homes Grow at a Faster Rate Than Those of Second-Hand Residences

The bullish housing cycle should fizzle out in 2023, but some factors may drive prices higher for longer, according to ST.

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Sales of new-build homes are growing at a faster rate than those of second-hand homes, as reported by Sociedad de Tasación on Wednesday.

Specifically, during the first 10 months of last year, new home transactions increased by 39% YoY, compared to second-hand home transactions, which grew by less than 35%.

Read the full article in Spanish.

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