7,126 homes sold in Andalusia in December
There was 53,947 housing sales/purchases in December, an annual decrease of 1.2%, according to data from the Council of Notaries.
By type of property, there was a 3.8% reduction in the sale of apartments, with both new properties (-15.1%) and second-hand properties (-0.7%) seeing a contraction in sales. Meanwhile, the sale of single-family homes reached 11,944 transactions, an annual increase of 9.1%.
In terms of the average price, a square metre of home purchased in December reached €1,469, reflecting a slight increase of 0.8%, year-on-year. This increase was due both to the rise in the price of single-family homes (0.8%) and to that of apartments (1.6%). Furthermore, the price of second-hand apartments stood at €1,588 (+0.6% year-on-year) while the price of new apartments reached €2,322 (+7.2% year-on-year).
Finally, in December the purchase and sale of other types of properties stood at 14,095 operations (-5.6% year-on-year), of which 37.4% corresponded to land or plots. The average price per square meter of these transactions was €279 (2.2% year-on-year).
Results by Autonomous Communities
Based on the sales of registered homes, the communities with the highest number of transmissions per 100,000 inhabitants are Valencia (133), Andalusia and Aragón (both with 107). Incidentally, Andalusia saw a 3.8% increase in homes sales in December, with a total of 7,126, which in real terms, was the highest of all the autonomous communities.
The Balearic Islands (14.5%), Cantabria (12.8%) and La Rioja (7.9%) saw the highest annual variation for the sale of all property types. For the sales only of registered homes, the highest rates were seen in Castilla La Mancha (18.3%), Navarra (18%), and Arragon (13%), according to figures from the INE.
Mortgages
The number of new mortgage loans made in December was 37,173, which represents an increase of 10.4% year-on-year. The average amount of such loans was €188,480, thus reflecting a fall of 5.6% year-on-year.
Looking only at new mortgage loans for the acquisition of a property we see an 11.3% increase in December, year-on-year (29,034 loans), due both to the increase in the granting of loans for the acquisition of a home, which reached up to 26,953 loans (+11.2% year-on-year) as well as the increase in mortgage loans for the acquisition of other properties (12.6% year-on-year).
In the case of housing, the average capital borrowed was €139,921, assuming a decrease of 3.3% year-on-year, and for other types of the real estate the average loan reached €223,092 (-12.2% year-on-year).
Loans taken for the purpose of construction showed a 33.2% year-on-year increase in December, up to 837 operations. The average amount of them was €518,831, reflecting interannual growth of 5.6%. On the other hand, the average amount of loans for the construction of a house was reduced by 4.1% to €315,109 (669 operations).
Finally, the percentage of housing purchases financed by a mortgage loan stood at 50.0%. In addition, in this type of purchases with financing, the amount of the loan was 74.1% on average.
