Spain Real Estate Activity | Sales correct in October, although the trend remains positive

Summary

Housing sales corrected in October, but continued to show a trend towards growth. Most of the demand fundamentals are maintaining their improvement: employment is still rising and interest rates fell again, against a backdrop since the summer of dampened consumer confidence. Construction activity, meanwhile, appears to be keeping to the stance of progress it began a few months ago, while land transactions showed a positive change. Finally, evidence is mounting about the rise in housing prices towards a relative stability.

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