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# Spanish home sales drop 5.1% in July 2026

25 September 2026 at 10:29

> Spain recorded 61,417 property transactions in July as rising interest rates cooled the market, marking a 5.1% year-on-year decline.

**Spain**'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 **Navarre** seeing a 26.4% increase while **Asturias** 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 **European Central Bank**, led by **Christine Lagarde**. This cooling period contrasts with early 2025, when sales grew by 18.5%, reflecting a shift in the Spanish housing market.



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