Overview
- INE reports 67,789 homes sold in October, down 2.5% year over year but up 6.3% from September.
- Resale transactions set a series record with more than 53,300 deals (+0.5% y/y) as new-build sales fell 12% to 14,464.
- Through January–October, transactions rose 12.3% to 601,543, underscoring strong cumulative demand despite monthly volatility.
- Home mortgages rose to 52,198 in October, the highest for any month since 2010 and a 16-year October high, with the average rate easing to 2.81% and capital above €8.7 billion; banks issued €7.07 billion in October and €67.51 billion year to date, the highest Jan–Oct since 2008.
- Regional divergence sharpened: Cantabria, Andalucía and Extremadura posted gains, while Madrid, the Canary Islands and the Balearic Islands fell about 11%, with Madrid and the Balearics exceeding €4,000 per square meter.