News

In May, home sales continued to fall for the fourth consecutive month, but at a slower pace. Sales of existing homes decreased, while sales of new homes increased. The majority of transactions were for free-market homes. Overall, both free-market and subsidized housing sales decreased compared to the previous year. Some regions experienced increases in sales, while others suffered declines. Despite these drops, the sector considers that the cooling of the market reflects the current reality and dimensions. Factors such as scarcity of existing homes in stock, lack of promotion of new constructions, rising interest rates, and political uncertainty have influenced investors' decision to stay away from the market. Although further declines were expected, the sector also highlights a significant increase in sales compared to the previous month.