There was a drop in property sales in July. | T. AYUGA
The president of the Institute of Real Estate Agents, Natalia Bueno, believes that house prices in the Balearics are reaching a ceiling. This is her explanation for a drop in property sales in July. There was a 21.9% decrease compared with July 2018, the biggest fall in the country. Nationwide, there was a 3.8% rise to 47,890 transactions, the most since May 2008, while in the Balearics there were 1,261.