The
real estate market
maintained the level of euphoria in the month of June, in which
58,010 home sales were registered in Spain
,
18.8% more
than in the same month of the previous year, which represents the largest year-on-year increase for a June since
2007
, according to data published this Friday by the
National Institute of Statistics (INE).
In intermonthly terms,
the number of purchases fell by 3.4%
compared to the record of
May
, when there were
60,100 transactions
in the country, but it far exceeds the drop that occurred in April -up to 47,400 purchases- and the trend is recovering of growth that had been registered in the first quarter of the year.
Except for April, this is the fifth month in which the barrier of 50,000 operations has been exceeded.
Of the 58,010 transactions carried out in the sixth month of the year,
48,188 were for second-hand housing
, a type of purchase that increased by
21.5%
compared to the same month of 2021. The increase that occurs in the
sale of new housing
it is more moderate,
7.1%
, up to
9,822 operations.
The data published today have been well received within the sector, although they are more pessimistic regarding the evolution in the third quarter.
"
The sales are breaking records month by month
, presenting figures that have not been seen since 2007. At the monthly level, a decrease of -3.4% is registered, a setback that was already expected due to the announcement of the
rise in rates
and the arrival of the summer season, which also causes the rate of purchases to decrease.After 16 consecutive months of strong increases in the number of purchases, the real estate sector can confirm that it continues to drive and respond to that great interest in buying a home that began last year.
The sale of homes continues to be very solid
and leading the reestablishment of the sector," said
María Matos
, Director of Studies at
Fotocasa
, knowing the data.
The expert recalls that in the
first six months of 2021 ,
268,000 sales
were closed
and in
2022
we had more than
330,000
sales closed, which represents 23.1% more operations closed than last year.
This evolution could lead to hope that 2022 will close with better data than the last year, which was the best for the real estate sector in 13 years after closing with 565,000 sales.
However, the
rise in interest rates by the European Central Bank
and the consequent
tightening of financing conditions
by banks, together with the problem of
inflation
-which reduces purchasing power and impoverishes families- and fears of a
recession
economy, could
deflate the volume of transactions.
These factors are going to mean "that the second half of the year does not present such high activity and
we will surely stop seeing historical figures,
as we have been seeing during the first six months of the year. In addition, we must also take into account that
inflation runaway that we are experiencing little by little is going to begin to make a dent in the pockets of Spanish households
and the ability to save is going to be reduced by the large increases not only in energy and fuel, but also in the shopping basket ", lamented the Fotocasa expert.
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