Fewer than 1,500 operations were performed. The real estate sales sector has now been in negative territory for eight months, in a context characterized by the increase in interest rates and the increase in the cost of loans.
The purchase and sale of homes plummeted 25.6% in September compared to the same month of the previous year, with only 1476 operationswith which they chained themselves negative for eight consecutive months in a context still characterized by high interest rates and the increase in financing costs.
The year-on-year decline in house sales in the Basque Country started this year in February (-1.5%) and was accentuated in March (-9.1%) and April (-23.4%). In May the decline was slightly smaller (-18.5%), in June (-13.5%) and in July (-2.5%) it decreased, but recovered to 15.6% in August.
According to statistics published on Friday by the National Statistical Institute (INE), the decline occurred in September higher than the national average (-23.7%) and Euskadi remains, as in August, one of the seven communities with the largest decline in house sales.
In the property registers, 5,745 properties of all types were reported, 11.5% less than in the same month of 2022, of which 643 were rural properties, 2,689 residential properties, 92 plots and 2,321 other types of urban properties such as garages, offices and warehouses. Rooms.
Of the homes transferred, 1,436 took place through purchase and sale, 759 through inheritance, 44 through donations, 2 through exchange and 408 of another type.
In terms of homes sold, the majority are used (1,258) and vacant (1,362), compared to the 114 listed homes.
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.
