Home sales in the Canary Islands fell by 14.4% in 2023, reaching 23,953 units, and the transferred properties registered in the land registry, 70,711, decreased by 7.6% compared to 2022, according to provisional data published this Thursday by the National Institute of Statistics (INE).
In December 2023, home sales registered in the Canary Islands fell by 15.5% in year-on-year terms, reaching 1,462, and registered transferred properties fell by 7.6% and reached 4,727.
Nationally, home sales fell by 9.7% in 2023, reaching 586,913 units, 63,352 less than in 2022, which breaks with two years of increases, of 14.8% in 2022 and 34.8% in 2021, according to data published this Thursday by the INE.
In 2023, 2,110,241 properties registered in the land registry were transferred, 6.1% less than in 2022; in the case of sales, 1,144,437 properties were transferred (8.3% less), of which 586,913 were homes (9.7% less).
The INE data reveals that the number of free homes transferred by sale decreased by 9.5% and that of protected homes by 12.1%; in addition, the number of transactions on new homes fell by 4.8%, and that of used homes by 10.8%.
The only community where home sales increased in 2023 was Asturias, where it grew by 5.6%, while the Balearic Islands registered the largest decrease, of 19.9%.
Mortgages fell almost 10% in the archipelago
Loans granted to acquire housing decreased in all autonomous communities in 2023, with the largest decreases in La Rioja, where they plummeted by 36.1%, Galicia, with a decrease of 21.9% and the Balearic Islands, where they fell by 20.9%, while in the Canary Islands the fall was 9.9%.
According to data published this Thursday by the National Institute of Statistics (INE), the fall was also 9.9% in Castilla-La Mancha, while in Navarra there was a decrease of 12%, which was 14.4% in Andalusia.
In Cantabria, mortgages decreased by 20.9%, in Madrid by 20.5%, in Murcia by 20.3%, in Aragon by 19.5%, in the Valencian Community by 19.4%, in Catalonia by 19.2%, in Extremadura by 19%, in the Basque Country by 16.9%, in Asturias by 16.3%, in Castilla y León by 15.9% and in Andalusia by 14.4%.
In December, however, an increase in the annual rate was recorded in two communities: Madrid, where they rebounded by 19.6% and in Castilla y León, with an increase of 1.2%.
They continued to decline in the rest of the communities, with a fall of 39.7% in Murcia, 34.5% in La Rioja and 33.4% in Aragon.
The number of mortgages on homes signed in Spain in the whole of 2023 was 381,560, 17.8% below the previous year and its largest decrease since 2013, according to the INE.
