Spain | Uncertainty continues to affect the evolution of the real estate market

Summary

Last December home sales contracted again and 2019 was the first year of falling sales since the beginning of the recovery in 2014. In response, house prices grew less sharply in the last quarter of the year. Meanwhile, visa signatures fell in November

Key points

• Key points:
• Sales trend remained negative in Dec-19
• Financing conditions remain favourable to demand
• Home price growth moderated in 4Q19 according to appraisal data
• Intense drop in the number of visas signed in November

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