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Spanish Home Sales Hit Highest April Since 2008 as Growth Slows to 2.3%

Supported by European Central Bank rate cuts that have reduced mortgage costs, transactions have climbed 15.9% this year with used sales hitting record highs.

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Edificio de viviendas en construcción en Córdoba

Overview

  • April home sales rose 2.3% year-on-year to 54,318 transactions, marking the strongest April total since 2008.
  • Sales fell 13.5% from March, reflecting normalization after a 40.6% surge the previous month.
  • New property transactions increased 7.2% to 11,410 in April, the best April performance for new homes since 2010.
  • Regional performance diverged, with La Rioja, Castilla y León and Extremadura each posting over 23% annual growth while Canarias and Baleares saw declines.
  • In Córdoba, January–April sales rose 9.7% to 3,576 transactions but April volumes fell 12% after Semana Santa shifted into the month.