Overview
- Official notaries' data for July show average prices up 7.7% year‑on‑year while transactions fell 11.1%, marking seven straight months of declining sales.
- Regional hotspots are driving the gap: Galicia recorded a 19.8% price rise in July with a 13.4% drop in sales, and Tinsa reports larger gains in places such as the Valencian Community.
- Mortgage activity has eased less than sales with purchase loans down about 4.9% in July, average new‑mortgage size near €183,644, and buyers increasingly choosing smaller homes.
- Demand for public housing is surging as supply remains tight, exemplified by Pontevedra's registry that exceeds 2,100 families while public stock would cover only a fraction.
- Political fallout from high‑profile evictions has led the government to issue emergency housing decrees but Junts' refusal to back the measures has created real uncertainty over their parliamentary approval.