31 Jul, 2025 @ 13:00
1 min read

Property sales in Spain fall 2%, new data reveals – but prices continue to climb steeply

Property sales in Spain fall 2%, new data reveals - but prices continue to climb steeply

PROPERTY sales in Spain fell by 2% in May compared to a year earlier while prices rose by 6.7%, according to figures compiled by the General Council of Notaries

New mortgages in May had an annual rise of 7.4% with 31,723 loans granted.

The sales fall comes after notaries reported a slowdown in April, clocking in a 1.3% increase- though the Easter period was a factor.

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The notaries report contrasts dramatically with recent data from the National Institute of Statistics (INE), which showed that sales rose by nearly 40% in the best May in 18 years.

The average price per m2 stood at €1,836 in May, which represents an increase of 6.7% year-on-year.

The highest increases were in Murcia (+37%), the Basque Country (+14.5%), and Cantabria (+14.3%).

By types of home, sales of flats decreased by 4.1% year-on-year, reaching 47,241 units, while single-family homes increased by 5.2% year-on-year, reaching 15,345 units.

The prices of flats rose by 7.6% compared to the same month of the previous year, hitting €2,101 per m2, while the price of single-family homes averaged €1,371 euros- up 5.8%.

House sales grew in just four regions with increases in Galicia (+17.5%), Castilla la Mancha (+14.8%), Castilla y Leon (+14.1%), and Aragon (+4%).

The biggest falls were recorded in La Rioja (-21.4%), the Balearic Islands (-12.0%), and Extremadura (-8.5%).

The price per m2 rose by 6.7% year-on-year in Spain, with 16 regions reporting increases and the only fall was in Navarre(-15.7%).

The largest price hikes were in Murcia (+37%), the Basque Country (+14.5%), Cantabria (+14.3%), and the Canary Islands (+13.8%).

Mortgage loans grew by 7.4% year-on-year in Spain, to 31,723 operations, with an average amount that rose by 11% year-on-year, reaching €171,212 on average.

Click here to read more Property News from The Olive Press.

Alex Trelinski

Alex worked for 30 years for the BBC as a presenter, producer and manager. He covered a variety of areas specialising in sport, news and politics. After moving to the Costa Blanca over a decade ago, he edited a newspaper for 5 years and worked on local radio.

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