House Sales In Spain Rise 9% In 2018 Spain News

The Spanish Council of Notaries (Consejo General del Notariado) has confirmed that there was a 9.2% rise in the number of house sales in the country in 2018 compared to the previous year.

The recently published data showed that there were a total of 581,364 sales of which 45.7% were financed by a mortgage loan, a total of 265,931 transactions. This represents a rise of 14.4% on the 2017 figures.

The last month of December ended with a total of 51,603 property transactions which was an increase of 1.2% on the same period in 2017. The average price in December per sqm reached 1,459 Euros, a rise of 5.7% year-on-year.

In December a total of 23,051 mortgages were approved, which equated to 44.7% of December’s transactions. The average loan value per transaction was 144,346 Euros averaging 74.5% of the property value. This was also an increase of 4.1% on 2017.

The countries central statistics body, the INE (Instituto Nacional de Estadistica) also published their own findings this morning reporting that house sales grew 10.1% year-on-year with a total of 515,051 urban dwelling transactions being registered in the land registry for 2018.

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