House Sales Fell by 2.5% in 2019 Due to the Mortgage Law and a Drop in Second-Hand House Sales

The impact of the Mortgage Law and a sharp decrease in second-hand house sales (-3%) have been reflected in a 2.52% fall in total house sales, which amounted to 568,180 transactions in 2019. However, the volume of operations recovered somewhat, by 1.45%, in the last quarter.

In total, the volume of transactions fell by 2.52% in 2019 compared to 2018, when they amounted to 582,888, according to statistics on real estate transactions from the Ministry of Transport, Mobility and the Urban Agenda.

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Translation/Summary: Carmel Drake

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