Home sales fell 11.4% year-on-year in July and mortgages fell 18.8%, according to registrars

MADRID, 11 Sep.

Home sales fell 11.4% year-on-year in July and mortgages fell 18.8%, according to registrars

MADRID, 11 Sep. (EUROPA PRESS) -

Home sales reached 45,630 operations last July, a figure 11.4% lower than that of the same month in 2022, while mortgages on homes fell to a greater extent, 18.8% year-on-year, according to Statistics Real Estate Registry published this Monday by the College of Registrars.

According to the advance of provisional data from the 'Real Estate Registry Statistics' corresponding to the month of July 2023, the number of total sales and purchases (includes all types of properties) decreased in July by 8.8% compared to the same month of the previous year. , up to a total of 87,674, thus chaining eight consecutive months of declines.

The evolution of the number of mortgages established in recent months also shows a negative trend, with double-digit falls. In July, 36,356 mortgages were constituted on the total number of properties, 19.7% less than in the same month of 2022.

Regarding mortgages on homes, these totaled 27,693 in the seventh month of the year, with a year-on-year decline of 18.8%.

By province, the annual evolution of total sales showed general interannual decreases, especially in Galicia (-17.8%), Navarra (-17.4%), the autonomous city of Melilla (-15.9%) and Madrid (-13.1%). Only in Murcia and Asturias were sales increases registered in July, with increases of 3% and 2.1%, respectively.

In relation to the total mortgages constituted, the greatest year-on-year declines occurred in Cantabria (-38.1%), Melilla (-37%), Galicia (-36.3%), La Rioja (-28.8%), Castilla-La Mancha (-27.4%) and Catalonia (-24.2%). The only interannual increase was experienced by the Balearic Islands, with an increase of 13.6%.

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