Home buying and selling further increased its decline in August 14.4% decrease between yearsIt experienced its biggest decline since January 2021 and caused a chain reaction. seven consecutive months of negative In a context where the rise in interest rates and the resulting increase in the cost of financing are evident.
According to statistics published this Tuesday by the National Institute of Statistics (INE), less than 50,000 operations (49,252) were recorded specifically in August.
However, compared to the previous month (July), housing sales and purchases increased by 2%. Thus, there has been a 6.5% decrease in transactions so far this year.
The declines in sales, which closed December with a decrease of over 10%, were interrupted in January with an increase of 6.6%.
They fell at the same rate again in February, a trend that continued with a correction of 5.7% in March, highlighted by a decline of 8.1% in April, and continued in May and June with a correction of 6.4%. This situation worsened again in July, with a decrease of 10.5%, and now it has worsened further in August, with a decrease of 14.4%.
Second-hand home sales experienced the biggest decrease
in August second hand buying and sellingthe most numerous, representing almost 81% of the total, the decline continued It recorded 39,827 transactions, recording a 15.9% decrease compared to the same month in 2022.
This is the largest decline since January 2021.
On their part, New home transactions also decreased by 7.3% annually It offers up to 9,425 operations and negative rates for nine of the last 12 months.
While there was a 7.5% decrease in second-hand housing transactions in total for the year, the decrease in new housing transactions decreased to 2%.
According to the regime, free housingRepresenting more than 92% of the total, the company added 45,615 operations in August, 14.5% fewer. In subsidized housing, 3,637 transactions were reached; this figure is 13.9% less than a year ago.
They increased compared to July, thanks to the increase in new housing.
Despite the annual decline Purchases and sales increased by 2% compared to July, the previous month.
This increase was possible thanks to a 14% increase in new home sales.
Second-hand housing transactions continued to decline compared to the previous month, decreasing by 0.5%.
They sink in the Balearic Islands, Canary Islands and Madrid
According to the autonomous communities, annual decreases in August were recorded on the 15th. The biggest declines were in the Balearic Islands (37.7%), the Canary Islands (25.6%) and Madrid (22.9%).
Above-average declines were also seen in Catalonia (17.1%); Andalusia (16.5%); Aragon (16.3%) and Basque Country (15.6%).
On the contrary, housing transactions increased in two communities: Navarra (8.7%) and Asturias (3.7%).
They registered in August Property records recorded 166,982 properties; This figure is 7.3% less than the previous year.
Registered property purchases and sales decreased by 11.5% annually to 93,917 transactions, while donations decreased by 4.8% to 3,692 units. Other operations (land consolidations, horizontal divisions, due dates, mortgage foreclosures or judgments, and others) totaled 29,305 in August, 5.9% less.
On the contrary, exchanges increased by 46.8% to 543, and inheritance transactions increased by 2.4% to 39,525.