Sales of real estate units and loans - Q2 2025

In the second quarter of 2025 the notary agreements regarding sales of real estate units and any other kind of exchange of properties and appurtenances in return for payment amounted to 255,639. The data decreased compared with the previous quarter (-2.3% – seasonally adjusted data) and increased year-over-year (+4.1% – raw data).

Compared with the previous quarter, the residential sector declined in all geographical areas of the Country: North-West (-3.7%), North-East (-2.3%), Islands (-1.4%), South (-1.2%) and Centre (-1.0%). The economic sector decreased in the South (-6.1%) and in the North-West (-5.0%), while it grew in the North-East (+5.7%) and in the Centre (+2.8%) and remained substantially stable in the Islands (+0.2%).

94.1% of the notary agreements concerned transfers of residential properties (240,455), 5.6% affected transfers of properties for business purposes (14,345) and 0.3% estates for special uses and multi-owned properties (839).

Compared with the second quarter of 2024, real estate transactions increased in the residential sector (+4.5%) and decreased slightly in the economic sector (-0.6%). At a territorial level, the housing sector rose on an annual basis in the North-West (+7.6%), in the Islands (+6.5%), in the North-East (+5.6%) and in the South (+4.2%), while it decreased in the Centre (-3.3%). The economic sector declined in the Centre    (-4.3%), in the North-West (-2.9%) and in the South (-0.7%) and it grew in the North-East (+4.4%) and in the Islands (+3.4%). In the housing sector the sales of real estate increased both in small cities (+6.8%) and large cities (+1.4%), while in the economic sector they decreased in the large cities (-2.9%) and increased slightly in small cities (+0.9%)

The mortgage-secured loans amounted to 100,717. Compared with previous quarter, they decreased by 1.2% (seasonally adjusted data), while they increased compared with II quarter of 2024 (+18.1% – raw data). Compared with the previous quarter, the contraction concerned the North-West (-3.8%), South        (-1.4%), Islands (-1.1%) and North-East (-0.6%), while the Centre increased (+3.9%). On an annual basis the growth affected the entire national territory: Islands (+21.4%), South (+20.6%), North-East (+20.1%), North-West (+19.4%), Centre (+10.1%), small and large cities (respectively +20.9% and +14.6%).

In the first semester of 2025, the real estate market, with 484,262 transactions, increased compared with the first semester of 2024 by +6.2% overall. The housing sector followed the same trend (+6.8%), while the economic sector fell slightly (-0.6%). The mortgage-secured loans, with 189,537 transactions, increased by 24.0%.