Las compraventas de vivienda caen un 4% en junio: ¿dónde se está frenando el mercado?

In June, residential property purchases fell by 4% year-over-year, reaching 67,529 transactions, while prices continued to rise by 8.8%. This was revealed by data published today by the Center for Statistical Information on Notarial Activity (CIEN), which noted that purchases of apartments decreased by 5.6% year-over-year, dropping to 50,458 transactions, while those for single-family homes increased by 0.8% to 17,071.

In terms of regions, property sales decreased in 13 regions and increased in four. The largest declines were recorded in the Basque Country (-14.2%), La Rioja (-12.5%), the Balearic Islands (-11.4%), Asturias (-10.2%), Extremadura (-10.1%), and Andalusia (-9.7%). Purchases also fell in Murcia (-9%), Madrid (-8.8%), Castilla-La Mancha (-5.8%), Catalonia (-4.4%), the Canary Islands (-3.1%), Aragon (-2.4%), and Galicia (-1.6%).

Conversely, Navarra saw an 18.6% increase in purchases, followed by the Valencian Community with a 7.9% rise; Cantabria (5.4%), and Castilla y León (4.8%). Despite the slowdown, prices kept climbing in June. The average value per square meter stood at 2,114 euros in June, marking an 8.8% increase compared to the same month last year.

For property types, apartment prices rose by 13.8% to 2,529 euros per square meter, while single-family home prices increased by 2.5% to 1,504 euros per square meter. This price increase occurred in 15 of the 17 autonomous communities, with the biggest jumps in Cantabria (41.6%), Murcia (22.1%), the Valencian Community (21%), Madrid (19.5%), and Asturias (19.4%).

Conversely, prices fell in the Balearic Islands (-2%) and Navarra (-0.4%). Notaries also highlighted that the average property size decreased. In June, the median size fell by 2.4% year-over-year across Spain. This decline occurred in twelve autonomous communities and was especially pronounced in Cantabria (-10.2%), Navarra (-6.1%), Madrid (-6%), Castilla-La Mancha (-5.6%), and Andalusia (-3.3%).

In contrast, the average size increased in Castilla y León (5.6%), Aragon (4.2%), Asturias (4.1%), the Canary Islands (2.2%), and the Balearic Islands (2.1%). Regarding financing, mortgage loans for property purchases rose by 0.2% to 36,249 transactions. The average amount for new mortgage loans for property purchases reached 188,785 euros in June, 7.3% higher than a year ago.

Mortgage loans accounted for 53.7% of property purchases, with the loan amount averaging 72.3% of the property price. Mortgage loans for property purchases rose in seven autonomous communities. The Comunidad Valenciana recorded the biggest growth at 11.6%, followed by Murcia (7.6%), the Canary Islands (7.2%), Catalonia (4.1%), Castilla-La Mancha (3.7%), Extremadura (1.6%), and the Balearic Islands (1.5%).

Conversely, mortgage loans decreased in ten communities. The Basque Country saw the largest decline at 15%, followed by Cantabria (-9.6%), La Rioja (-7.7%), Asturias (-6.9%), Galicia (-4.8%), Andalusia (-3.4%), Castilla y León (-2.4%), Madrid and Navarra (-2% in both cases), and Aragon (-1.5%). Additionally, the average loan amount increased in 15 autonomous communities and only decreased in two.

The biggest increases were in the Comunidad Valenciana (19.1%) and Aragon (18.8%), while Catalonia saw a 2.3% decline.