Spain | Home sales stagnated in 3Q19

Summary

The real estate market put an end to a turbulent 3Q19, characterized by high volatility due to the effects of the implementation of the Real Estate Credit Law. Sales lost traction in September, after the upturn in August, and price growth was similar to that of the previous quarter

Key points

• Key points:
• Home sales corrected in September after the momentum of August and the quarter closed flat
• New credit for home purchases grew in September
• In 3Q19 housing price grew at an interannual rate similar to 2Q19
• New construction permits contracted in August

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