Spain | The housing market maintains the loss of dynamism in the beginning of 2Q19

Summary

Although conditions remain favourable, home sales are sluggish. On a regional scale, the evolution of sales in 1Q19 showed a high disparity. Nevertheless, the price continues to rise. The variables related to construction activity do not anticipate major advances in the coming months

Key points

• Key points:
• Uncertainty continues to impact home sales
• Credit for home purchases moderates its growth
• INE data bears out the price increase in 1Q19
• Home sales show a high regional heterogeneity
• Slow progress on new housing permits in March

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