Spain | Home sales stagnated in 3Q19
Published on Thursday, November 28, 2019
Spain | Home sales stagnated in 3Q19
Summary
The real estate market put an end to a turbulent 3Q19, characterized by high volatility due to the effects of the implementation of the Real Estate Credit Law. Sales lost traction in September, after the upturn in August, and price growth was similar to that of the previous quarter
Key points
- Key points:
- Home sales corrected in September after the momentum of August and the quarter closed flat
- New credit for home purchases grew in September
- In 3Q19 housing price grew at an interannual rate similar to 2Q19
- New construction permits contracted in August
Geographies
- Geography Tags
- Spain
Topics
- Topic Tags
- Regional Analysis Spain
- Real Estate
Authors
Félix Lores
BBVA Research - Principal Economist
Documents and files
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