House sales fall in Spain in 2019

The number of houses sold in Spain during 2019 fell by 3.3 percent in comparison with 2018, according to data published by the Spanish Statistical Office (INE) on Wednesday.

According to the INE, it brought an end to five years of consecutive growth in the sector.

The INE attributes the sales fall to a decline in the number of transactions involving second-hand or houses previously lived.

There were 408,241 transactions involving previously owned abodes in 2019, which was 4.2 percent down from 2018. The 92,844 newly built houses and apartments which were sold in 2019 actually represented a 1.2 percent rise from the previous year. Enditem