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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.

Viviendas playa de Aedas Homes en Dénia Alicante

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.

Modelo Banner 1 Brainsre 650x250 Noviembre 2024

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