Galicia leads the decline in mortgages concluded in May, with a drop of almost 35%

The Home sales reached 54,063 transactions last May6.7% less than in the same month of 2022, according to the data Real estate register statistics which was published this Wednesday by the Board of Registrars.

According to previous provisional data from Real estate register statistics which corresponds to the month of May 2023 number of total sales reduced by 7.2% Considering the same month of the previous year.

Out of 114,265 purchase and sale operations performed in May 2022, there were 106,063 in May this year. Likewise, House sales decreased by almost 4,000 operations: From 57,943 registrations in May 2022, it rose to 54,063 a year later, a decrease of 6.7%.

In relation to the annual development of total sales by autonomous communities, an increase was observed in four territories, especially in the autonomous city of Melilla (36.4%), Cantabria (16.5%), Asturias (7.9%) and Andalusia (0, 6%). On the negative side, La Rioja (-34.7%), the Basque Country (-22.1%), Madrid (-21.1%), Navarra (-13%) and the Canary Islands (-12.9%) stand out.

the number of mortgages is falling

On your side, evolution from the number of established mortgages in recent months, it shows a negative trend, and although a slight recovery was recorded in January, since February there have been declines that grow month by month, which in May amount to close to 25%.

In terms of the total number of mortgages, 43,018 deals were constituted in May compared to 55,513 in the same month of the previous year, which represents a decrease of 22.5%, with a negative difference of about 12,500 deals.

IN As for residential mortgages, Last May saw 32,043 surgeries compared to 42,311 in the same month last year, a decrease of 24.3% with around 10,200 fewer surgeries.

In relation to the total mortgages placed compared to May last year, they increased more in the autonomous city of Melilla (230%), Cantabria (13.9%) and Asturias (12.8%), while they mainly fell in Galicia (-34 .9%) ), the Basque Country (-29.6%) and La Rioja (-25.1%).