Costa News Spain Breaking News | English News in Spain.
In Spain, the property sales during the first six months of 2025 have been the highest since 2007.
The National Institute of Statistics reports that between January and July of 2018, 357.533 properties have been sold, an increase of nearly 20 % over 2024.
This is the highest total since 18 years ago when 491,000 sales took place in the same period, just before the real estate bubble burst.
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Spain’s Notaries released figures last week that were very different. While they claimed transactions in May fell by 2% compared to a year ago, the INE stated sales soared almost 40%.
Prices that are higher due to supply and demand problems have not dampened the real estate markets, which have benefited from low interest rates.
77% are second hand properties. Constructors struggle to keep up with the demand.
The INE figures show that June sales were brisk, despite the fact that the market is traditionally slower due to the start up of summer.
Over 59,000 transactions have been carried out in just one month. This is a growth of 17.8% compared to June 2024.
Head of Studies at Online Portal Pisos.comFerran Font said: “These figures show that this is the best June in 18 years.”
He said that if we look at what happened in the past and what is expected to happen this year, then we are close to 700,000.
Beñat del Coso, from the Idealist The portal stated: “The sales are a testament to the strong demand in the marketplace and the price hikes that have occurred, due to the scarcity of supplies.”
In spite of this, the Euribor rate – which is the rate at which banks exchange their currencies and which is used for mortgage repayments – has risen in response to a number of interest rates cuts made by the European Central Bank.
The rate ended July at just over 2%- meaning an annual reduction of €1,420 on repayments for a 25-year loan of €150,000 based on the Euribor figure plus 1%.
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