The sale of houses totaled between January and June 263,557 operations, a figure very similar to that recorded in the first six months of 2018, with which this indicator registered its worst first half since 2014 and did so weighed down by changes in mortgage law and political uncertainty In June, the sale of homes fell 9% compared to the same month of 2018 and 13.9% compared to May, according to the statistics of the INE, which being prepared with data from the registrars reflects operations closed before a notary months before.
That month, the commercialization of new homes decreased 7.8%, to 7,205 operations and the second-hand market decreased 9.2%, to 33,756 transactions, breaking a streak of 14 consecutive months in positive. In the accumulated since January, the sale of new construction houses grew 7.4%, while the transactions on used housing decreased 1.6%. This is the first half in which this indicator of the real estate market does not grow since 2014, when it fell 5.4%, to later chain four years of increases. Back in June, the free housing market fell 8.5% and added 47,236 operations, and the official protection market fell 13.6%, with 3,725 sales transactions. In the first half, the free market contracted 0.3% and the protected market grew 2.7%.
The stoppage of many investors given the uncertainty of the political landscape has been noted. The last year has not been the most propitious scenario for the real estate market and the electoral results of April and the absence of a Government has caused the semester to have been vacant. The composition of the new Executive and the direction of its real estate policy will depend whether or not investment continues to be received and that the number of sales returns to the path of growth. By autonomous communities, the sale of homes rose in June only in Castilla-La Mancha (9.2%), Murcia (7.2% ), Galicia (4.5%) and Extremadura (3.4%). The side of the declines were headed by the Canary Islands (22.5%) and the Balearic Islands (17.4%), two of the autonomies in which more houses buy foreigners.The statistics of the INE will reflect in the coming months the effects of the application of the new mortgage law, which has delayed buying and selling operations that were underway due to complexities in the constitution of mortgages, although everything points to a punctual effect that will not significantly influence.
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