El precio de la vivienda cae un 4,6% y las compraventas se desploman un 18,4% en el último año

Spain’s housing market is undergoing a significant contraction, marked by substantial declines in both transaction volumes and property prices across most regions. This downturn signals a cooling in demand, with notable drops in sales and per-square-meter costs recorded in numerous autonomous communities, while only a few areas managed to post modest price increases. The widespread reduction points to a systemic shift rather than isolated regional anomalies, reflecting a broader economic adjustment within the real estate sector. At the same time, mortgage lending has tightened considerably, with a sharp decline in the number of new loans and a decrease in average borrowing amounts. Since nearly half of all home purchases rely on financing, this scarcity of credit acts as a primary driver of the reduced market activity. The consistent drop in mortgage transactions across all regions highlights a constrained financial environment for buyers, further suppressing market liquidity and purchasing power. This data is crucial for the open data community, as it underscores the importance of accessible, granular, and timely public statistics for economic analysis. Transparent records from official bodies such as the General Council of Notaries enable researchers, policymakers, and developers to accurately monitor market trends. Open access to such detailed datasets fosters evidence-based decision-making and allows for deeper investigations into the structural factors influencing housing affordability and availability.

Source: expansion.com
Published on 2023-09-15

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