16
Mar

In Spain, housing sales increased by 26,6% in January 2016

According to the notaries, in Spain, a total of 27.568 sales transactions have been recorded in January 2016.

The number of housing sales has increased by 26,6% in January compared to the same month last year, reaching 27.568 transactions, although the variation had climbed to 28% if we consider the adjusted series of seasonal effects, according to the statistics prepared by the General Council of Notaries, in Spain.

The annual growth of the number of sales was due to three factors: the expansion of apartment sales (+27,7%), the increase of individual houses (+22,6%) and the sale of other real properties (+22%).

The sale of second-hand apartment rose by 32,8%, however, the sale of new apartment only increased by 3,8%.

The square meter of the housing purchased in January in terms of average price was 1.303 euros. This represents an annual increase of 2% due to evolution of the price per square meter of the apartments and of the individual houses (+4,5). For the apartment, the price per square for second hand housing was 1.405 euros (+2,1%) and new housing was 1.732 euros (+1,2%).

However, the sale of the others real properties has been estimated at 6.590 transactions the first month of the 2016, representing an annual growth of 22%. Of all transactions, 38,6% represented lands. The average price per square meter of these transactions reached 243 euros (+34,6% annual).

The sector recorded an annual increase of new loans of 12,5%. The average amount of mortgage loan has reached 154.076 euros, with an annual growth of 5,1%.

Mortgage loans to purchase a real property have risen to 29,8% annually in January.

Regarding the capital, the average amount of mortgage loans to purchase a property stood at 133.796 euros in January 2016, 1,3% higher than in January 2015. In case of use of mortgage, the amount decreased by 3,1% compared to the same month in 2015, reaching 124.829 euros.

However, the number of mortgage loans for construction has risen to 6,4% in January, up to 310 credits, with an average amount of 351.904 euros (+3,1%).

The percentage of purchases of homes with mortgage financing stood at 43,1% in January and the percentage of the value of the mortgaged property was 76,1%.

 

Translation from Lavanguardia

 

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