We Know Property

Property sales in Spain plummeted by -36.1% in March when compared with a year earlier, according to the National Statistics Institute (INE).

Official data in February also showed a -24.4% drop in property sales year-on-year. In March, there were 180,075 urban property transactions which is a -31.9% decline year-on-year and a -15.7% drop when compared to the previous month. INE believes that both figures could have been affected by the timing of the Easter holiday this year.

In addition, home loans declined by -41.9% in March from a year earlier to €9.975bn.