The Spanish real estate market is experiencing a slowdown, with home sales dropping 6.1% in June compared to the previous year, totaling 50,099 transactions.

This decline follows a significant 21.5% drop in May, influenced by seasonal factors.

Despite the decrease in sales, home prices continue to rise, with the average price per square meter reaching €1,726, a 4.3% increase from last year.

Analysts suggest that the market may be nearing a turning point, as a reduction in interest rates could stimulate demand.

However, the supply of available homes remains a concern, with many potential buyers still waiting for better conditions.

Overall, the first half of 2024 has shown a mixed performance, but experts predict a potential recovery in the latter half of the year.