The Spanish real estate market has suffered damages due to political instability and the new mortgage law and symptoms of exhaustion are predicted, according to an analysis carried out by Deplace.
However, online real estate believes that, although the data on home sales showed a decrease in June of 9% compared to the same period last year, there is no need to be alarmed.
Usually, June and December are months in which the sale opens in a new window of real estate drops. On the other hand, they emphasize that ten years after the housing bubble, the sale of homes is going through a partially stable moment.
The truth is that from the analysis of the evolution of the sale of homes in Spain between 2008 and 2014 it follows that in Spain, in this period, more than 5.7 million homes have been sold, 800,000 of them just before the outbreak of the crisis.
The recovery since 2014
He also said that the sale of homes in Spain has experienced an increase that has remained constant since 2014. The sales data recorded since 2014, according to Deplace, confirm that the increase remains constant and has allowed recovering 2008 values, however not reaching the historical highs of 2007.
By regions, although all autonomous communities have an evolution in the sale of homes, some do so more gradually than others. In fact, he pointed out that Galicia and Extremadura stand out, such as the regions where home sales have evolved more slowly.
On the opposite side, there is Andalusia, as the autonomous community where more homes were sold between 2008 and 2018. In fact, the Andalusian community registered a total of 1.1 million sales in this period.
Also noteworthy are Valencia, Catalonia and Madrid, which recorded sales ranging from 832,000 purchases to 700,000 transactions.