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Home sales fall 9.8% in August, their eighth consecutive monthly decline

FinanceInternationalIdealista30 s readAI summary
Image: Idealista

According to notary data, 34,599 home sales were recorded in August, 9.8% fewer year on year, the eighth consecutive decline. Mortgages signed totaled 19,875, down 5.6%, their second straight drop. Flats fell 11.1% and single-family homes 6.3%. By contrast, the price of homes sold rose 12.8% to 1,959 euros/m2, and the average mortgage amount increased 1.3% to 164,978 euros.

In 30 seconds

  • Home sales fell 9.8% year on year in August, with 34,599 transactions and eight consecutive months of declines.
  • Mortgage signings dropped 5.6% to 19,875 loans, their second consecutive fall.
  • The price of homes sold rose 12.8% year on year to 1,959 euros/m2.
Read the full story at Idealista

IASummary generated by artificial intelligence from a story by Idealista. It may contain errors: the original source prevails.

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