The sale and purchase of homes in Spain falls by 18.4% in the last year, according to notaries

It decreases in all communities, highlighting the falls in the Canary Islands (-37.

The sale and purchase of homes in Spain falls by 18.4% in the last year, according to notaries

It decreases in all communities, highlighting the falls in the Canary Islands (-37.4%), Navarra (-35.3%) and the Balearic Islands (-30.7%).


The purchase and sale of homes in Spain fell by 18.4% last July compared to the same month last year, and the granting of mortgage loans for the acquisition of these properties fell by 25.7%, according to data given to know this Thursday by the General Council of Notaries.

The price per square meter fell by 4.6%, especially highlighting the falls recorded in the communities of Castilla y León (-13%) and Extremadura (-9.5%).

In Spain, the number of home sales decreased by 18.4% year-on-year last July, reaching 57,255 units, while the average price per square meter stood at 1,617 euros per square meter, registering a decrease of 4.6%.

By type of housing, apartment sales decreased by 18.6% year-on-year, reaching 43,751 units, while single-family homes decreased by 18% to reach 13,505 units.

Apartment prices decreased by 3.3%, reaching 1,821 euros per square meter, while the price of single-family homes averaged 1,271 euros per square meter, registering a drop of 7%.

The purchase and sale of housing decreased in all the autonomous communities, with the best performance being recorded in Cantabria, with a drop of 2% year-on-year.

The Autonomous Communities where an evolution above the national average (-18.4%) was recorded were: Cantabria (-2%), Castilla y León (-3.7%), Castilla-La Mancha (-10 .6%), La Rioja (-10.6%), Galicia (-10.9%), Asturias (-11.8%), Extremadura (-12.8%), Murcia (-13.5%) , Aragón (-16.8%), Madrid (-16.9%), Catalonia (-17.6%) and Valencian Community (-18.3%).

The decreases that were below the average were recorded in the remaining communities: Canary Islands (-37.4%), Navarra (-35.3%), Balearic Islands (-30.7%), the Basque Country (-27 .4%) and Andalusia (-21.5%).

According to data from the General Council of Notaries in Spain, the price per square meter fell on average by 4.6% year-on-year. In six autonomies there was an increase in the price of housing and in the remaining eleven it decreased.

By order of magnitude, only the Balearic Islands (18.7%) registered a double-digit increase while in the Basque Country (7.1%), Valencian Community (4.9%), Navarra (3%), La Rioja (1% ) and Catalonia (0.4%) saw more moderate increases.

On the other hand, housing prices registered declines in Castilla y León (-13%), Extremadura (-9.5%), Aragón (-9.0%), Galicia (-6.6%), Asturias (- 6.2%), Madrid (-3.8%), Canary Islands (-3.6%), Castilla-La Mancha (-2.2%), Andalusia (-0.6%), Murcia (-0. 1%) and Cantabria (-0.1%).

In July, mortgage loans for home purchases decreased by 25.7% year-on-year, reaching 26,280 transactions. The average amount of these loans decreased by 12% year-on-year, reaching 148,201 euros on average.

The percentage of home purchases financed by a mortgage loan stood at 45.9%. Furthermore, in this type of purchases with financing, the amount of the loan represented on average 70.2% of the price.

Mortgage loans for home acquisition did not register increases in any autonomy. However, they decreased less than the national average (-25.7%) in Cantabria (-13.4%), Extremadura (-17.7%), Castilla-La Mancha (-20.5%), Madrid (- 21.5%), Canary Islands (-22.4%), Murcia (-23.8%), Asturias (-24.7%) and Andalusia (-24.7%).

The declines exceeded the national average in the 9 remaining autonomies: Castilla y León (-33.2%) and Navarra (-34.9%), the Basque Country (-32.8%), Galicia (-29.8% ), Catalonia (-28.3%), Aragon (-28.2%), Valencian Community (-26.7%), Balearic Islands (-26.6%) and La Rioja (-26%).

Regarding the average amount of new mortgage loans for home acquisition, the evolution continued to be uneven by community, as it grew in five and decreased in the remaining twelve.

The increases in Asturias (34.1%), Extremadura (9.6%) and Aragón (9.5%) and the declines in La Rioja (-26.1%), Castilla y León (-23.2%) stood out. ) and Madrid (-17.5%).