Spain | Moderating home prices

Summary

The loss of traction in the real estate market was somewhat more intense in the early summer months. The contraction of sales in the last months has been reflected in a moderation of the growth of housing price in 2Q19. On the other hand, construction activity is beginning to show signs of deceleration

Key points

• Key points:
• Home sales contracts in the early summer months
• Mortgage credit declined in June and July
• Housing price lost traction in the 2Q19
• Construction activity revealed a loss of momentum

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