Spain Sales Slow – Andalucia Bucks Trend

Around 56,800 home sales were registered in Spain in January 2026, a 7.0% decline compared with January 2025. This is the largest year-on-year drop in residential sales since June 2024.

The College of Registrars has published a preliminary update to Spain’s Real Estate Registry Statistics for January 2026. Provincial or foreign buyer data are not yet available.

Focusing on home sales (Compravendas vivienda) in the Mediterranean coastal regions and islands, the data shows a slowdown across most fronts, with a few notable exceptions.

The Overall Picture

The housing market in most Mediterranean coast is contracting more sharply than the national average (-7.0%). The islands, in particular, are facing a heavy downturn in transaction volume.

Mediterranean Coast

The Mediterranean shows a divided reality:

Andalucía: Standing as the major outlier, it grew by +2.3%. It also holds the highest absolute volume by far, with 12,076 homes sold in January alone.

Valencia Region: Experienced a -10.8%, reflecting a cooling in one of Spain’s usually most active markets.

Cataluña: Remained remarkably flat with a negligible -0.1% change, effectively holding steady year-over-year.

Murcia Region: Saw a moderate decline of -4.9%.

The Islands

The islands are currently the weakest link in residential sales volume growth:

• Canaries: The worst performer nationally, with a -22.7% drop in housing sales.
• Balearics: Also saw a significant retreat, with residential sales falling by -8.5%.

Mortgages

Residential mortgage registrations increased by 5.5% year on year to around 40,100. This continues the current trend of annual growth in residential mortgages, which has now reached 19 consecutive months.

These figures are provisional and may change once data from all property registries is included in the final statistics.