SPAIN’S property market is continuing to show signs of slowing down after February was the second successive month to record an annual fall in sales.
Figures from the Property Transfer Statistics (EDTP) published on Thursday by the National Institute of Statistics (INE) showed 59,689 transactions- a 0.5% fall compared to February 2025.
The drop was higher for new homes, which fell by 1.6% compared to 12 months ago.
READ MORE:
- Benidorm and Costa Blanca property prices skyrocket in first quarter of 2026
- Rental yields are slumping in some of Spain’s hottest property markets – here’s where savvy investors are looking for better value
- Spain’s property crisis bites: Home owners now spend over a third of income on housing – rising to more than 60% in Madrid and Barcelona
New properties accounted for 23.1% of all homes sold in February while second-hand dwellings made up 76.9% of the total- an annual fall of 0.2%.
Market-rate private housing represented 93.7% of all deals in February, with no change over 12 months.
Subsidised social housing however showed a significant decline of 7.9%.
Combining January and February, Spain’s real estate market has shown a 2.8% decrease compared to 2025.
In January, transactions fell by 5%, their largest decline since June 2024, but on a month-to-month basis, home sales actually rose by 3.8%.
There has been a very mixed picture across the regions, with big demand in Navarre which showed a February rise of 18.7% over 12 months.
That’s followed by the Canary Islands (7.9%) and Catalunya(5.7%).
In contrast, the Murcia region had the biggest drop of 14.8%, ahead of La Rioja (-12.5%) and Galicia (-12.0%).
The trio are followed by Asturias (-7.6%); Extremadura (-4.9%); the Valencian Community (-4.7%); the Balearic Islands (-4.4%) and Madrid (-3%).
The total number of properties transferred and registered in the land registry which includes sales, inheritances, donations, and other transfers reached 203,513- a year-on-year increase of 0.7%.
Of all registered February sales, 87.6% were urban properties and 12.4% in rural areas.
Click here to read more Property News from The Olive Press.
