's property market saw home sales fall by 5.1% in July 2026 compared to the previous year, with 61,417 transactions recorded. This represents a drop of roughly 3,300 units from the July 2025 record of 64,722, though it remains the third highest July on record.
Second-hand home sales dropped 6.1% to 48,128, while new builds fell 1.4% to 13,289. Regional performance varied, with seeing a 26.4% increase while fell 15.2%. Total sales for the first seven months of 2026 reached 408,881, a 3% year-on-year decline.
The downturn follows interest rate hikes of 0.25 points in both June and September 2026 by the , led by . This cooling period contrasts with early 2025, when sales grew by 18.5%, reflecting a shift in the Spanish housing market.