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Spanish house sales increased by 17% in August 2017

21 Oct

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Spanish house sales increased by 17% in August 2017


 The Center of Statistical Information for the Notaries in Spain just released the data for the month of August

  • The housing sales in August stood at 27,301 transactions, an increase of 17% year-on-year.
  • The average price per m² sold in August was € 1,160, a slight increase of 0.3%.


Financing and Mortgages

  • The number of mortgages issued for housing increased by 10% year-on-year in August, to 12,072 new loans.
  • The average mortgages had a value of € 117,878, +0.8% year-on-year.
  • 44% of purchases were financed by mortgages.
  • The amount of the loan represented an average of 78% of the transaction value.


By type of housing

  • The sale of apartments showed a year-on-year increase of 15.9% (12.9% in series corrected for seasonality).
  • All the growth came from second hand (18.3%), as the sale of new flats fell by 0.9% year-on-year.
  • On the other hand, the sale of single-family homes showed an increase of 20.5% year-on-year.
  • Second-hand price per square meter stood at € 1,289, +0.1% year and  € 1,722 for new buildings, +3.8% year-on-year.

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Source: Read the news in Spanish from the center for Statistical Information of the Spanish Notaries

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