Home sales and purchases up 25.2% in April

Spain home marketSpanish home market

The sale and purchase of homes increased by 25.2% in April in year-on-year terms, to 61,683 units, and the granting of mortgage loans for the purchase of housing rose by 37.8%, to 30,147 operations, according to data released this Wednesday by the General Association of Notaries.

The average price per square metre stood at €1,669, which represents an increase of 0.5% compared to the same month last year, with particular progress in Cantabria (+32.6%), the Balearic Islands (+27.7%) and La Rioja (+22.1%).

By type of housing, the prices of flats rose by 1.4% with respect to the same month of the previous year, reaching €1,863 per square metre, while the price of single-family homes rose to an average of €1,313 (+0.7%).

Meanwhile, sales of flats rose by 25.6% year-on-year to 47,604 units, while single-family homes increased by 23.8% year-on-year to 14,079 units. Housing sales and purchases grew in all the Autonomous Communities, except in the Balearic Islands (-3.1%).

Increase in lending

In April, mortgage loans for house purchases grew by 37.8% year-on-year to 30,147 transactions, with an average amount of €147,543 on average (+0.9% year-on-year). The percentage of home purchases financed through a mortgage loan stood at 48.9%. Moreover, in this type of financed purchases, the amount of the loan represented on average 71.8% of the price.

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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.