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Property prices in Spain rose by 1.8% in December

09 Feb
2018

Click on any flag to get an automatic translation from Google translate. Some news could have an original translation here: News     Nouvelles     Nieuws     Noticias     Nachrichten

Property prices in Spain rose by 1.8% and the number of transactions grew by +4.5% in December

 

The Statistic office of the Spanish notaries has just published the numbers for the month of December, here is our quick analysis of the main information:

  • +4.5% transactions growth to 48.956
    • +3.8% for existing apartments (32.654 units)
    • +9.5% for newbuild apartments (4.167 units)
    • +8% for houses (10.105 units)

 

  • €1.383 per square meter on average, with an increase of 1.8% (vs one year ago)
    • +5.8 % for houses (€.1.106)
    • +0.6% for apartments (€.1.526)
    • €1.492 per square meter for existing apartments, with an increase of 0.9%
    • €2.004 per square meter for newbuild apartments, with a decrease of 4.2%

 

  • The number of mortgages issued for purchasing properties was 19.848 or -0.2%. Interesting to note, as in the past, that means that more than 50% of the buyers are purchasing their properties WITHOUT mortgage! It doesn’t look like excessive.

 

 

If you want to compare Spanish prices vs European ones, have a look at our earlier article:  What return have you made on your Spanish Property investment in 2017? And 2018?

Find the press release in Spanish here

 

Looking for an expert in Spain? Ask our network of local partners directly!

Stéphane

Senior Analyst and Strategist at HTBIS

Check the full team of HTBIS here

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