Home sales rise by 17.9% in June: more houses were sold in the first half of this year than in all of 2015.

The real estate market remains strong in an environment marked by falling interest rates and the resulting reduction in financing costs. The latest housing sales data confirms this trend. In June, 59,021 transactions were recorded, representing a 17.9% increase compared to the same month last year. In the first half of the year, more homes have already been sold than in all of 2015, and if the trend continues, 2025 could close as the best year since 2007.

June marked the twelfth consecutive month of year-on-year growth in housing sales. As Beñat del Coso, spokesperson for Idealista, notes: “The volume of operations in the market continues to grow steadily, and we have already surpassed 700,000 homes sold in the last twelve months.”

According to data from the National Statistics Institute (INE), the year began with an 11% increase in January, followed by 13.9% in February, a spectacular 40.6% in March, a moderation to 2.3% in April, and a renewed boost in May with 39.7% growth.

María Matos, Director of Research at Fotocasa, argues that “the data reflects the strong interest in buying homes in Spain, in a context of greater confidence and optimism thanks to cheaper mortgage loans. In addition, the increase in the savings rate and better financing conditions have fueled strong activity in the sector during the first half of 2025.”

She adds that “the June figure once again shows the great dynamism in the housing market, surpassing last year’s records. If the pace of around 60,000 monthly transactions continues, 2025 could reach historic levels, approaching the 775,000 transactions of 2007. Everything points to a golden period for home sales, driven by very active demand.”

Fotocasa reminds that the reactivation of demand is closely linked to the ECB’s shift in monetary policy, which has allowed 21% of citizens who previously could not buy a home to now do so. In 2022, 40% of buyers were affected by the sudden rise in interest rates, leading to suspended processes in 19% of cases.

Beñat del Coso of Idealista stresses that these figures demonstrate the strength of demand and explain the notable price increases, especially in a context of limited housing supply.

For his part, Ferran Font, Director of Research at pisos.com, considers that “these results keep Spain in a very dynamic phase. The population continues to take advantage of favorable mortgage conditions. However, we must closely monitor the evolution of the economic and geopolitical context in the coming months.”

Differences by type of housing

The year-on-year increase in June sales was due to both new housing demand, which rose 25.3% to 12,570 transactions, and second-hand housing, which increased 16% to 46,451 transactions.

92.7% of the homes sold were free-market housing, while 7.3% were subsidized. Free-market housing sales grew 18% year-on-year to 54,688 transactions, while subsidized housing rose 16.3% to 4,333 transactions.

In monthly variation (June vs. May), home sales fell 3.3%, with a 1.7% drop in new builds and a 3.8% drop in second-hand homes. However, in the first six months of the year, sales increased 19.7% overall, driven by a strong rebound in new builds (+30.6%) and growth of 17% in second-hand housing.

Growth across all autonomous communities

By region, Andalusia led housing sales in June, with 11,986 transactions, followed by Catalonia (9,358), Valencian Community (8,798), and Madrid (6,944).

All autonomous communities recorded more sales compared to June 2024, with the largest increases in Cantabria (+41.7%), Aragón (+37.7%), and Castile and León (+35.2%). By contrast, the smallest increases were in the Balearic Islands (+1.2%), Navarra (+1.5%), and Madrid (+3.7%).

Registered properties for the month totaled 194,105, a 9.8% increase compared to the same month last year. Properties sold rose 17%, those transferred by donation barely changed (+0.5%), inherited properties increased 2.9%, and exchanges grew 9.1%.

Of the total property sales in the month, 87.8% were urban properties and 12.2% were rural. Among urban properties, 59.9% were homes. The sale of rural properties grew 9.4% year-on-year, and urban properties 18.1%; within the latter, home sales rose 17.9% compared to the previous year.

Finally, the communities with the largest annual increases in total property transfers were Galicia (+22.1%), Asturias (+21.6%), and Cantabria (+21.4%). On the opposite end were Aragón (-7.2%), Navarra (-1.2%), and the Balearic Islands (-0.9%).