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Spain’s July Home Sales Hit Record for the Month as Galicia’s Real-Estate Startups Surge

Cheaper fixed-rate mortgages are drawing buyers back to a market short on homes.

Overview

  • INE reports 64,730 housing transactions in July, up 14% year over year and the strongest July since the series began in 2007.
  • Mortgage signings rose 25% to 45,067, with an average loan of €163,307, a 2.94% mean rate and roughly seven in ten at fixed terms.
  • Through the first half of 2025, sales climbed 19.7% nationwide to more than 357,500 and 23.4% in Galicia to 13,217.
  • Galicia registered 313 new real-estate firms through August, a 12% increase that nearly matches the 334 new bars and restaurants.
  • Regional data show intense rental activity with 22,500 deposits filed January–August, while 2023 accounts reveal €997.2 million in turnover and profits concentrated in a handful of larger companies.