House Sales In Spain Rise 9% In 2018
Spain News
Published: 12 February 2019 14:41 CET
Updated: 14 February 2019 15:41 CET
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.
Sources
Idealista.com - https://www.idealista.com/news/inmobiliario/vivienda/2019/02/08/771479-notarios-se-vendieron-mas-de-580-000-viviendas-en-2018-el-45-7-de-ellas-con-hipoteca
Ine.es - https://www.ine.es/en/daco/daco42/etdp/etdp1218_en.pdf
