House Sales Fells by 2.6% in January to Begin the Year in Negative Territory

House sales fell by 2.6% in January compared to the same month in 2019, to 46,927 operations, the lowest figure in a month of January since 2017, according to Spain’s National Statistics Institute (INE). With this reduction, house sales returned to negative interannual rates after rising by 1.8% in December 2019.

The decrease registered in January was a consequence of a 1.2% decrease in the sale of second-hand homes to 38,443 transactions and an 8.8% reduction in the sale of new homes to 8,484 operations.

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Translation/Summary: Carmel Drake

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