Spain | Part of the decline in sales in previous months is transitory

Summary

August data showed a recovery in home sales and mortgage credit. Thus, after a period of regulatory uncertainty, the sector could be gaining traction. In addition, after the correction last May, construction activity recovered levels of previous months

Key points

• Key points:
• Home sales rise again in August
• After two months of intense falls, the new credit for home purchase recovered in August
• Slight recovery of permits at the beginning of the summer in a context of moderation of construction activity

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