Sales of new and used homes fell in July
The total number of transferred properties registered in the property registries in July was 170,109 This shows a fall of 4.7%, when compared to the same month of 2022.
In the case of purchases and sales of registered properties, we see 92,262 registered transactions, representing an annual decrease of 8.7%, according to data from the INE.
87.8% of the sales registered in July correspond to urban properties and 12.2% to rural properties. In the case of urban properties, 59.6% were sales of private residences.
The number of purchases and sales of rural properties decreased by 6.0% in July, when compared to July 2022, while the number of sales of urban properties decreased by 9.1%. Within the latter, home sales registered an annual decrease of 10.5%.
Of those home sales, 17.1% were sales of new property, while 82.9% were for second-hand homes.
The number of new home sales showed a fall of 7.4% compared to July 2022, while the sale of second-hand homes slowed by 11.2%.
Results by Autonomous Communities
In the month of July, the total number of transferred properties registered in the property registries per 100,000 inhabitants reached its highest values in Castilla y León (711), Castilla–La Mancha (629) and Aragón (624).
Extremadura (8.1%), Castilla y León and the Basque Country (both 0.2%) register the highest annual variation rates.
The largest fall in the volume of sales was seen in Navarra (–23.7%), La Rioja (–16.0%) and the Balearic Islands (–15.4%).
Looking only at home sales, the communities with the highest number of transmissions per 100,000 inhabitants were Valencia (189), Region of Murcia (149) and Andalusia (144).
The autonomous communities that presented the largest annual increases in the number of Spanish home sales in July are Extremadura (5.2%), Principality of Asturias (3.8%) and Region of Murcia (0.2%).
Galicia (–22.8%), the Canary Islands (–18.2%) and Navarra (–17.2%) showed the greatest falls in home sales in July.
