Despite the decline, the 1,755 house sales represent the fifth best figure for this index in the month of August in the Basque Autonomous Community in the historical series. 262 operations involved new-build homes and 1,493 involved used buildings.
The evolution of buying and selling houses in the Basque Country in August worsens and decreases by 15.58% compared to the same month of the previous year, for a total of 1755 operationsThis is evident from data published by the National Institute of Statistics (INE). On the contrary, house sales in Navarre increased by 8.73%.
Compared to the previous month, sales in the Basque Autonomous Community (CAV) fell, down 4.77% month-on-month. Despite the decline, the 1,755 home sales represent the fifth best figure for this index in August in the historical series.
Of the purchase and sale transactions registered in the CAV in August, 1,579 took place on vacant homes and 176 on officially protected properties. Taking into account the age of the buildings, 262 operations related to new-build homes and 1,493 to used properties.
On the other hand, sales and purchases of housing in the Spanish state also accentuated the decline in August, until it fell by 14.4% year-on-year. the biggest drop since January 2021and experienced seven consecutive negative months in a context characterized by the increase in interest rates and the resulting increase in financing costs.
But compared to the previous month (July) the purchase and sale of homes increased by 2%.
In this way, transactions have fallen by 6.5% so far this year, according to statistics published on Tuesday by the National Institute of Statistics (INE).
The sale is in August second-handthe most numerous, representing almost 81% of the total, continued to decline, registering a decline of 15.9% compared to the same month in 2022, reaching 39,827 transactions.
From their side, the transactions are of new house They also fell 7.3% year-on-year to 9,425 transactions.
Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
