Andalucia: January 2007 to May 2025

Based on official Notaries data, here is a detailed analysis of the trends from January 2007 to May 2025 for Andalucia, Spain. The data reveals a clear and dramatic cycle in the Andalusian housing market, characterized by a significant boom and bust, followed by a long and sustained recovery.

1. The Market Peak and Major Decline (2007-2013)

• Peak of the Market: The market began the period at a very high point. The all-time peak in the provided data occurred in March 2007, with 19,133 transactions.
• Sharp Downturn: Following this peak, the market experienced a steep and prolonged decline that lasted for several years. Sales volumes fell consistently, with monthly figures in the 14,000-19,000 range in early 2007 plummeting to below 6,000 by 2009.
• Market Trough: The lowest point in the entire period occurred in August 2013, with a mere 3,278 transactions, marking the bottom of the market crash. This represents a decline of over 82% from the 2007 peak.

2. The Period of Recovery and Growth (2014-2019)

• From 2014 onwards, the market began a slow but steady recovery. The monthly transaction volume showed a clear upward trajectory.
• The market’s recovery was gradual but consistent, with sales figures steadily rising each year. By 2019, monthly sales were consistently above 8,000, and often exceeded 10,000, showing a substantial return of confidence to the market.

3. Impact of COVID-19 and Recent Performance (2020-2025)

• COVID-19 Disruption: The recovery was briefly interrupted by the COVID-19 pandemic. Sales in April 2020 plummeted to 2,784, even lower than the 2013 market trough.
• Post-Pandemic Boom: This dip was immediately followed by a rapid and powerful recovery. Sales quickly rebounded, and from 2021 to 2023, the market entered a new period of strong growth, with monthly figures frequently reaching levels not seen since 2008. The peak of this recent boom occurred in December 2024, with 14,336 transactions.
• Current State: The data for the first half of 2025 suggests a stabilization at a high level. While sales are not quite at the pre-2008 peak, they are significantly stronger than at any point in the decade following the crisis.

4. Seasonal Trends

A pronounced and consistent seasonal pattern is evident throughout the entire 18-year period:

• Summer Slowdown: There is a sharp and predictable drop in sales every August, with transaction volume consistently falling to its lowest point of the year.
• End-of-Year Peak: The market consistently shows a strong performance in the final months of the year, with a notable peak in December in many years (e.g., 2010, 2012, 2014, 2018, 2020, and 2024).
• Spring/Autumn Highs: Sales are typically stronger in the spring (March-May) and autumn (October-November), reflecting a cyclical buying season.