Uncertainty Causes Volume of Transactions in the Housing Market to Fall by 3.1%

10 September 2019 Spain’s College of Registrars reported that 130,088 homes were sold in the second quarter of this year, a fall of 3.1% year-on-year and 2.8% q-o-q. Market sources attribute the fall to the uncertainty generated by the new Mortgage Law and the failure of the country’s political parties to form a government after elections in April.

Sales of new homes stood at 22,209 units, down 12.8% q-o-q, while those of existing housing fell by 0.5% to 107,879.

Original Story: Idealista

Adaptation/Translation: Richard D. K. Turner

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