Sales of houses and apartments in Spain began the year with an annual increase of 26.6%, with 27.568 recorded transactions, according to data published by the General Council of Notaries. The average price per square meter of housing increased by 2% compared to January 2015, and settled at 1,303 euros / m2. Apart from real estate operations in Spain, mortgage loans also increased by 12.5%, while the average amount of these loans amounts to 154,076 euros, 5.1% more than a year earlier.
2016 began with the same dynamism that ended last year and, therefore, "continued strengthening of the Spanish real estate market recovery," according to the evaluation of the data of notaries of the country. These data contrast with those provided by experts from the National Institute of Statistics (INE), suggesting a decrease in property sales of Spain by 2.9% in annual terms, compared with January 2016. The figures provided by the INE refer to real estate transactions, which have been registered in the Land Registry, so that there is some delay in their receipt. The operations, which refer to notaries, are closed two or three months before, in the presence of a notary.
If we consider the data provided nowadays by notaries, housing sales in Spain in January totaled 27.568 transactions, representing an increase of 26.6%. Second hand houses and apartments in Spain recorded a higher increase in sales, with a 32.8% year on year, compared with a drop in sales of new objects, which decreased by 3.8% in annual terms.
As the price per square meter, the price was 1,303 euros / m2, with a slight increase of 2.0% in annual terms. In the case of an apartment in Spain, the cost is registered an increase of 1.5% in annual terms, while resale properties with a price of 1,405 euros / m2 (+ 2.1%) and new apartments in Spain with the price of 1,732 euros / m2 (+ 1.2%). At the same time, a rise in prices per m2 of single-family homes was by 4.5%.
The housing sector in Spain also received good news from the mortgage market. Loans for house purchase increased by 12.5% to 19,620 units issued, while the average amount reached 154,076 euros, an increase of 5.1% in annual terms. This means that 43.1% of houses and apartments in Spain purchased in January of 2016, were purchased with a mortgage loan.
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