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What Goes Up…

Following two consecutive months of increases, property sales in Spain in March 2024 reached 56,559 a drop of 13.7% year-on-year, figures from Spain’s Notaries show. However, it should be noted that sales in March were ๐ฎ๐ฉ against February by 3,417 properties, so for those of us wanting to put a positive spin on this, thereยดs the angle!

๐Œ๐š๐ซ๐œ๐ก ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ’ ๐ฏ๐ฌ ๐Œ๐š๐ซ๐œ๐ก ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ‘

๐Ÿ”ป Andalucรญa -20.4%
๐Ÿ”ป Comunidad Valenciana -9.7%
๐Ÿ”ป Balearics -11.6%
๐Ÿ”ป Murcia -6.7%
๐Ÿ”ป Canaries -21.4%
๐Ÿ”ป Cataluรฑa -16.6%

In terms of actual sales volumes, these were the top 3 regions:
๐Ÿ”ธ Andalucia x10,977
๐Ÿ”ธ Comunidad Valenciana x9,455
๐Ÿ”ธ Cataluรฑa x8,269

The average price per square meter rose 4.2%, to โ‚ฌ1,683 /mยฒ with large increases in the Balearic Islands (23.9%), Canary Islands (18.0%), and Cantabria (16.1%).

In March Mortgage loans for home purchases decreased 4.5%, with significant drops in Navarra (-25.2%) and the Balearic Islands (-19.1%). The percentage of home purchases financed by a mortgage was 46.8%, with the mortgage amount averaging 71.7% of the purchase price.


Despite a significant year-on-year fall in transaction volume in Andalucia of -20.4%, in absolute terms, it is the Spanish region where the most properties were sold in March. Contrasting with this drop in sales volumes, property prices rose 7.1% compared to March last year.

๐Œ๐ฒ ๐ญ๐š๐ค๐ž ๐Ÿ‘‰ So sales volume drops year-on-year but increases month on month, and prices continue to rise… this points to a bigger jump from Feb to March last year than anything untoward this year. At most, we didn’t get the massive uplift we sometimes see around Easter time.


Full report here

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