Property Sales in Spain are Going Down

Property sales in Spain are going down. This is shown in a recent report released by Solvia Market based on statistics from Consejo General del Notario. 

From 2018 to 2019 the number of sales in the Spanish market decreased by four per cent in total. 

In the Málaga Province, on the other hand, 13% fewer properties were sold during 2019 compared to 2018. However, there was an increase in price by 4% as well. The price in Spain is now €1,560 per square meter, says Solvia in the report.

The market for rental properties is expected to stabilize. The price for a rental apartment in Spain is generally €9 per square meter.

“People take more time to analyse what their options are and find a home within their budget,” says Solvia.

The trend is expected to continue in 2020. It seems that the market is on its way into a more moderate phase, with “rational and analytical buyers” who have a lot of properties to choose from.