House Sales Decline Significantly
The Spanish housing market saw a big drop in sales in May. Sales decreased by 7.3% compared to the same month last year. This is the fifth month in a row that sales have fallen.
In May 2025, Spain experienced a significant decrease in house sales. The total number of transactions was 56,462, which is 7.3% lower than in May 2025. Buyers are taking longer to finish buying houses, with an average closing time of nine weeks. This decline is caused by people not wanting to pay high prices. The market has not seen sales levels like this since 2025.
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Highlights
Spanish Housing Market Decline
House sales in Spain decreased by 7.3% in May, the largest drop in two years.
Fifth Month of Decline
House sales have fallen for five consecutive months.
Longer Closing Times
The average time to complete a house sale is now nine weeks.
Resistance to High Prices
Buyers are delaying sales because of high house prices.
Significant Market Downturn
May saw the biggest drop in housing sales in two years.