The largest drop in the indicator in six months
In March, the largest drop in the indicator for six months was recorded. This happened even despite the observed trend of price increases.
It is noted that in the first quarter of this year, about 152 thousand real estate purchase and sale transactions were made, which is 5.6% lower than last year. At the same time, the cost of housing increased in almost all Spanish provinces, and in five autonomous communities this growth turned out to be double-digit at all.
Sharp drop in March
According to experts, in March, the national housing market experienced a sharp drop against the background of a slight increase in January-February. The number of housing transactions decreased by 19.3% compared to the same period in 2023.
At the same time, the overall result of the first quarter of this year can be considered acceptable. In the course of market research regarding the distribution of transactions, it can be seen that two out of every three transactions were made in the four most populated regions of the country. So, we are talking about Andalusia (8,805 transactions), the Valencian Community (7,423), Catalonia (6,802) and Madrid (5,944).
Leaders in the number of deals at the city level
In addition, at the city level, the most significant number of such transactions were registered in the capital (5,944), Barcelona (4,397), Alicante (3,830), as well as Valencia (2,723), Malaga (2,324), Murcia (1,558), Seville (1,421), Las Palmas (1,293), Cadiz (1,172) and Granada (1,112).
It is clarified that among the largest provinces of Spain, the largest decreases in the number of transactions occurred in Seville (31.4%), Valencia (24%), as well as Barcelona (22.8%) and Madrid (11%).