Spanish notaries have recorded a drop in home sales across the whole country

What has happened? According to the Council of Notaries, in April 2023, home sales in Spain fell by 20.7% year-on-year in all autonomous communities. The largest decline of transactions was registered in La Rioja (-33.6%), the Canary Islands (-29%) and in Madrid (-28.9%).

Details. The number of sales has decreased in both housing types - apartments and private houses. In particular, sales of apartments fell by 20.2% compared to last year, reaching 38,269 units, while sales of private houses decreased by 22.3%, reaching 11,370 units.
Regions. The reduction in the number of transactions was recorded in all regions, with the least mentioned in Murcia (-9.3% year-on-year). The autonomous communities that have recorded a drop that was less than the national average (-20.7%) were: Aragon (-20.4%), Valencian Community (-15.7%), Extremadura (-14.8%), Castile-La Mancha (- 12.8%), Galicia (-10.2%) and Castile and Leon (-9.8%).
The greater decline than the national average was registered in: La Rioja (-33.6%), the Canary Islands (-29.0%), Madrid (-28.9%), Basque Country (-25.1%), Navarre (25.0%), Balearic Islands (-23.7%), Andalusia (-22.4%), Asturias (-22.4%), Catalonia (-21.9%) and Cantabria (-21.4%).
Prices. The property prices per square in Spain have risen by 0.9% year-on-year and reached €1,622.
The autonomous communities with the greatest price spikes were Castile-La Mancha (+20.3%), Aragon (+17.2%), the Canary Islands (+12.6%) and Asturias (+11.7%).

On the other hand, house prices fell in La Rioja (-9.5%) and the Basque Country (-1.6%).

Source: Idealista

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