In Spain as a whole, the sale and purchase of housing in February also recorded a 6.6 percent drop compared to the same month last year, to a total of 50,186 transactions, in a context of higher interest rates to contain inflation.
With this year-on-year decline, housing sales and purchases return to negative rates after more than 56,300 transactions were recorded in January, 6.6% more than in the same month of 2022.
The fall in the number of home sales and purchases in February was due to the drop in both transactions involving pre-owned flats and those involving new homes.
Specifically, the sale and purchase of pre-owned homes fell by 5.5% in the second month of the year, to 40,479 transactions, while transactions on new flats fell by 11.1%, to 9,707 transactions.
In February, 92.2% of the dwellings transferred by sale and purchase were free dwellings and 7.8% were protected dwellings. In total, the sale and purchase of free housing fell by 6.5% year-on-year, to 46,255 transactions, while the sale and purchase of protected housing fell by 7.9%, to 3,931 transactions.
On a month-on-month basis (February over January), housing sales and purchases fell by 11%, its largest decline in a February in the last five years.