Home sales add their second drop in March, but drop to 5.7%

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Housing sales registered in March 5.7% reduction compared to the same month of last year a total of 55,778 transactionsIn the context of higher interest rates to contain inflation, as reported by the National Institute of Statistics (INE) on Thursday.

With this year-on-year decline, sales of home chains two-month negative rates after a fall 6.6% in February.

The decline in home sales in March was due to the decline in sales of both second-hand apartments and new homes.

Special, The purchase and sale of second-hand houses decreased by 5.3% in the third month of the year to a total of 45,309 transactions.during transactions in new apartments decreased by 7.5%Up to 10,469 transactions.

92 percent of the houses transferred through sale in March were free of charge and 8 percent were taken under protection.. In total, detached house sales fell 6% year-on-year to 51,302 transactions, while subsidized house sales fell 2.8% to a total of 4,476 deals.

Housing sales increased by 11% on a monthly basis (March-February)The highest increase in March in the last five years.

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