Property News

HOUSE SALES SLOWING DOWN

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The latest figures from Spain´s notaries back up a variety of recent surveys that show that the increase in property purchases is

continuing to fall.

The Notaries’ Centre for Statistical Information says that there were just under 54 thousand sales in December, which was actually an annual fall in the total number of property deals of one point two per cent.

But prices rose by just under one per cent over 12 months to 1,469 euros per square metre.

  

The number of mortgages granted in December rose by just over 11 per cent, compared to a year earlier, but the average mortgage amount granted recorded an annual drop of three-point three per cent to just under 140,000 euros.

Figures from the Association of Spanish Land Registrars for December showed that home sales over 12 months in the Valencia region, including the Costa Blanca, rose by four per cent, whilst the Costa Calida region of Murcia, in contrast, showed a fall of four per cent.

The property market, therefore, continues to show steady progress in Spain, with significant regional variations, but now experts are predicting big price hikes or massive sales increases this year.

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