Sales continue to fall: 23.7% less in September compared to the previous year

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What is happening in the real estate world? In September 2023, registered home sales decreased by 23.7% compared to the same month in 2022, which marks a constant drop since the beginning of the year and is exceptional at this time of year. The data is from the National Institute of Statistics and proves that it is of great importance to find quality real estate services to sell a flat today.

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A unanimous drop in sales in all the autonomous communities, in September
There is not a single region of the State that has presented Cayman Islands Phone Number List a positive variation this September in terms of registered sales. In those where sales have fallen the least are Castilla-La Mancha (-7.7%), Castilla y León (-12.3%) and Principado de Asturias (-13.9%).

Those that have presented the worst annual variation have been, without a doubt, the Canary Islands (-40.1%), Extremadura (-32.2%) and Aragón (31.1%).

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Sales of used homes fall more than those of new construction in September
18.6% of the homes transferred by sale in September are new and 81.4% used. Even so, the number of operations on new homes drops by 19.7% compared to September 2022 and that of used homes drops by 24.5%.

According to the protection regime, 92.5% of the homes transferred by sale in September are free and 7.5% protected. Those protected have fallen more : 25.3%. Meanwhile, vacant homes fall by 23.5%.

In September, 153,247 properties are registered in the property registries
It is 13.2% less than in September 2023, but 153,247 registered farms show that the market is not stopped .

87.2% of the sales registered in September correspond to urban properties and 12.8% to rural properties. In the case of urban ones, 61.0% are home sales.



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What is happening with the real estate world? Is it a good time to sell a flat?
People still want to buy, but not everyone can. With the situation of restricted financing policies , the mortgages granted also decrease, so a large part of the demand, although eager to buy, sees its plans stopped by the market.

Even so, the buying and selling does not stop. We come from a couple of years in which the market had been largely revitalized by all that demand that had seen its plans blocked during the pandemic. It is estimated that 2023 will close with a lower number of sales than in 2022, but equally high.