2023-09-18 08:00:59
The purchase and sale of homes sank 18.4% in July, while the granting of mortgages for the purchase of a house plummeted 25.7% compared to the same period in 2022, in a context marked by the rise in interest rates to curb inflation and the increase in financing costs.
In addition to the significant drop recorded by both indicators for another month, the statistics published this Thursday by the General Council of Notaries also show a decrease in housing prices of 4.6% year-on-year to 1,617 euros/m2.
Coinciding with the changes in monetary policy by the European Central Bank (ECB), notaries were the first to detect in October of last year drops in both home sales and mortgages.
Compared to the previous month, both sales and prices have increased their fall, while in the case of mortgages it is practically similar.
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