Overview
- INE data published Friday show 53,241 home transactions in April 2026, a 1.8% drop from April 2025 and the fourth consecutive month of year‑on‑year declines.
- Second‑hand sales led the fall with 41,783 transactions, down 2.4% year‑on‑year, while new‑build sales rose slightly to 11,458, up 0.6%.
- Activity tumbled month‑on‑month from March, with total transactions down 13.1%, used homes down 13.4% and new homes down 12.2%.
- Regional results were uneven: Cantabria rose about 22.5% and Catalonia posted gains, while Navarra fell roughly 29% and the Community of Madrid dropped about 11%.
- Analysts link the cooling to very high prices, improving supply and a tougher mortgage market, but note April remains the fourth largest April on record since 2007 so volumes are still historically high and affordability pressures could slow mortgage demand further.