Home Sales Fall for the Fourth Consecutive Month in April, according to Spain’s National Statistics Institute (INE)

Spain’s housing market recorded another decline in April. According to data from the National Statistics Institute (INE), a total of 53,241 residential property transactions were registered during the month, representing a 1.8% decrease compared to April last year and marking the lowest monthly volume since December 2024.

This is the fourth consecutive monthly decline in home sales, following year-on-year decreases of 5.0% in January, 0.5% in February, and 2.2% in March. As a result, the cumulative decline for the first four months of the year now stands at 2.4%.

The downturn was mainly driven by the resale market, where transactions fell by 2.4% year-on-year to 41,783 sales, the lowest figure recorded for an April since 2023. In contrast, the new-build sector ended three consecutive months of negative results, posting a modest 0.6% increase to 11,458 transactions.

Despite April’s improvement in new-build sales, the overall picture for the first four months of the year remains negative. Compared with the same period in 2025, new-build transactions are down 4.0%, while resale transactions have declined by 1.9%.

The INE also reports that 93.8% of homes sold in April were free-market properties (49,946 units), while 6.2% were subsidized or protected housing (3,295 units). Both categories registered declines compared with a year earlier. Sales of free-market homes fell by 1.0%, while transactions involving protected housing dropped sharply by 12.3%. For the year to date, sales of free-market homes are down 2.0%, while protected housing transactions have fallen by 8.2%.

Mixed Results Across Spain’s Autonomous Regions

Housing sales performance varied considerably across Spain’s autonomous communities in April.

A total of 10 regions recorded year-on-year growth, led by:

• Cantabria: +22.5%
• Basque Country: +8.8%
• Catalonia: +7.8%

Other regions posting increases included:

• Castilla-La Mancha: +6.0%
• Asturias: +5.6%
• Aragon: +5.4%
• Canary Islands: +2.9%
• La Rioja: +2.8%
• Extremadura: +2.3%
• Murcia: +0.2%

At the opposite end of the scale, the weakest performances were recorded in:

• Navarre: -29.0%
• Madrid: -11.0%

These were the only two regions to register double-digit declines in transaction volumes. Other regions showing decreases included:

• Castile and León: -9.4%
• Galicia: -7.2%
• Valencian Community: -7.0%
• Balearic Islands: -3.7%
• Andalusia: -3.0%

Overall, while some regional markets continue to show resilience, the national figures indicate that Spain’s housing market remains under pressure, with weaker demand in the resale segment continuing to weigh on overall transaction volumes.