Business · Economy · 10 hrs ago
Three in 10 homes sold in Spain in 2024 fetched less than their purchase price
In 2024, 30.1% of recorded home sales in Spain ended at a loss for the seller, because the homes sold for less than their original purchase price.
The figures cover 379,301 sales of homes used as a main residence and not for business, in Spain’s common tax system; the Basque Country and Navarre are excluded.
The other 69.9% of sales brought sellers more than they had paid.
Across all the transactions, the median sale price was €127,769, compared with a median purchase price of €99,082, a rise of 29%.
Homes bought decades earlier saw the largest gains: those purchased from 1966 to 1980 had risen 667% on average by the time they were sold in 2024.
Many sales at a loss involved homes bought during a property boom, when prices were already high.
Spain’s tax agency has published these figures in a new statistical series, offering more detail on how the timing of a purchase affects the result when a home is sold.
Three in 10 homes sold in Spain in 2024 fetched less than their original purchase price, according to new tax-agency statistics.
Of 379,301 recorded transactions, 114,011, or 30.1%, resulted in a loss for the seller.
The other 265,290 transactions, or 69.9%, produced a gain.
Across all transactions, the average sale price was €171,594, compared with an average original purchase price of €133,444.
The figures cover residential properties in Spain’s common-tax territory and exclude the Basque Country and Navarre.
- Who
- Home sellers in Spain whose transactions were recorded by the tax agency.
- What
- 30.1% of the recorded homes sold in 2024 fetched less than their original purchase price.
- When
- 2024.
- Where
- Spain’s common-tax territory, excluding the Basque Country and Navarre.
- Why
- Many loss-making homes had been bought at the peak of the property bubble and later sold for less.
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- Recorded transactions
- 379,301 homes
- Sold below purchase price
- 114,011 transactions (30.1%)
- Sold above purchase price
- 265,290 transactions (69.9%)
- Average sale price
- €171,594
- Average original purchase price
- €133,444
What people are saying
has prompted making more tax-origin information about homes available to the public and analysts, and specifically, about the transfer of homes