The sale of housing falls by 7.3% in the second quarter of 2023

by time news

2023-09-03 16:00:04

The sale housing closed the second quarter of the year in Spain with a total of 151,983 operations registered, which represents a decrease of 7.3% compared to the same quarter of the previous year, and 5.6% less quarter-on-quarter, confirming the predominantly downward trend , according to data from College of Registrars.

In disaggregated data, new housing registered 28,739 sales between April and June, which is 5.7% less than the previous quarter, while used housing03 registered 123,244 operations, with a quarterly decrease of 5.6%.

Regarding data for June, home sales fell by 7.5% compared to the same month of the previous year, to 51,106 operations, while total sales fell by 2.6% year-on-year, reaching 101,097. with which seven consecutive months of decreases accumulate, after continuous growth since March 2020.

The average price of housing in Spain closed the second quarter of the year at 1,979 euros per square meter, which is 1.12% more than in the same quarter of 2022 and 3.1% more quarter-on-quarter, after two quarters of falls consecutive years, due to the rise in new housing (4.1%), and, to a lesser extent, the increase in used housing (2.7%).

By autonomous community, in the second quarter, the highest average prices were located in Madrid, with 3,299 euros per square meter, followed by the Balearic Islands (3,214 euros), the Basque Country (2,943 euros) and Catalonia (2,474 euros).

In the opposite direction, the lowest prices were registered in Castilla la Mancha (864 euros) and Extremadura (783 euros), the only communities below 1,000 euros per square meter.

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