The sale of homes fell 11.1% in July, marking seven consecutive months of decline, while prices increased by 7.7%, - 18.8% in the case of the Canary Islands, where mortgages fell 7.9% -, moderating their advance compared to previous months, according to data from the General Council of Notaries.
On the other hand, mortgages for housing loans decreased by almost 5% compared to July of the previous year, in a context marked by the lack of available product to meet demand, which is driving up prices and exacerbating access difficulties.
These figures come after in June housing transactions fell by 4%, prices rose by 8.8% and mortgages increased slightly, by 0.2% year-on-year.
With this new adjustment, national housing sales have accumulated seven negative months: January (-11.4%); February (-7.7%); March (-4.7%); April (-10.2%); May (-11.8%); June (4%) and July (7.7%).
In the case of the Canary Islands, sales have fallen every month except April. In January there was a double-digit decrease close to 11%, which worsened in February with a sharp drop of 21%. After registering a slight downward adjustment of 4.5% in March, the market experienced its only brief positive rebound in April, driven by the calendar effect of Easter. However, the negative trend resumed immediately with a fall of 12.2% in May, followed by continuous declines of 8.1% in June and 6.9% in July.
Specifically, in July, 65,395 sales were recorded. Apartment sales decreased by 12.7% to 48,415 units, while single-family home sales fell by 6.2% with 16,980 transactions.
Transactions fell in 16 autonomous communities and only grew in Extremadura (0.9%). The largest decreases, exceeding 20%, occurred in the Basque Country (-20.2%) and La Rioja (-20.1%). Also standing out with above-average falls were the Valencian Community (-19.1%), Asturias (-16.9%), Balearic Islands (-14.5%), Community of Madrid (-14.2%), Galicia (-13.4%) and Castilla-La Mancha (-11.2%).
In July, the price of housing rose by 7.7% year-on-year to 2,112 euros/m2. Apartment prices had an increase of 12.5% compared to the same month of the previous year, reaching 2,547 euros/m2, while the price of single-family homes averaged 1,495 euros/m2, registering an increase of 2.3%.
In 16 autonomous communities, there was an increase in the price of housing, while in the Balearic Islands, prices did not change compared to July 2025. The largest increases, in double digits, occurred in Asturias (29.3%), Murcia (22.3%), Galicia (19.8%), Canary Islands (18.8%), Basque Country (13.2%), Valencian Community (12.6%), Community of Madrid (11.3%), Cantabria (11.2%), and Extremadura (11%). In Catalonia, the increase was 7.7%.
Notaries also emphasize in their statistics that the average surface area of housing in Spain registered a year-on-year decrease of 2% in July.
In July, mortgage loans for housing acquisition decreased by 4.9% year-on-year to 36,685 operations. The average amount of these loans decreased by 0.2%, reaching 183,644 euros.
The percentage of housing purchases financed by a mortgage loan stood at 56.1%. Furthermore, in this type of purchase with financing, the loan amount represented an average of 71.6% of the price.
At the territorial level, mortgages decreased in 15 of the 17 autonomous communities and grew only in Extremadura (3.1%) and Catalonia (2.9%). The largest drops were recorded in La Rioja (-26.9%), Asturias (-19.6%), Basque Country (-12%), Aragon (-10.8%), Castilla-La Mancha (-10.4%), Balearic Islands (-9.1%), Castilla y León (-7.9%), Canary Islands (-7.9%), or Valencian Community (-7.6%).
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