Overview
- INE reports 67,789 home transactions in October, down 2.5% year over year, as new-build sales fell 12% to 14,464 while existing-home deals edged up 0.5% to more than 53,300, the highest monthly level on record.
- Short-term activity strengthened versus September, with total transactions up 6.3% as new-builds rose 4.6% and resales increased 6.7%.
- Andalucía grew 4.1% to 13,813 transactions and Cantabria also advanced, whereas Madrid, the Canary Islands and the Balearic Islands posted double-digit declines.
- From January to October, home sales rose 12.3% year to date, with new-build transactions up 18.7% and used homes up 10.6%, putting 2025 on pace to exceed 2024 totals.
- Sector voices cite construction bottlenecks and limited land for the new-build slump, while INE data show free-market housing represented 93.4% of October sales as protected transactions fell 15.6%.