Overview
- The INE, which reported Monday, said home sales fell 2.2% year over year in March to 61,295, the third monthly decline in a row.
- Transactions in the first quarter totaled 178,473, down about 2.6% from the same period in 2025 after last year’s record.
- New-build deals dropped 10.2% in March to 13,057, while sales of existing homes edged up 0.2% to 48,238, the highest March since the series began in 2007.
- Results varied by region, with sharp falls in Cantabria and the Basque Country and gains in Castilla–La Mancha, Navarra, and La Rioja.
- Property portals and analysts cite fast-rising prices and stricter bank lending as the main drag on buyers, a shift that could cool price growth and limit mortgage approvals in the months ahead.