Housing prices rebounded 5.2% in August


EFE

MadridUpdated:

The sale of housing added to August 30,351 transactions, which represents a 4.5% year-on-year fall, while the average price per square meter stood at 1,351 euros, which represents an increase of 5.2%, according to the data of the General Council of Notaries published this Tuesday.

With these figures, the buy and sell of housing moderates the fall registered in July, when this indicator collapsed by 20.8% in a context marked by the entry into force of the new mortgage law. In addition, it leaves behind the fall in registered price a month before, when the house was reduced by 1%.

Mortgage loans for the acquisition of a home increased again in August, 2.3% year-on-year to 15,859, data that contrast with the 23.2% fall recorded in July. By type of housing, the sale of flats recorded a 5.3% drop compared to August 2018. In addition, the sale of free-price apartments fell 6% due to both the decline in new (-2.5%) and second-hand apartments (-6.4%).

With regard to the average price, the square meter of homes purchased in August It reached 1,351 euros, reflecting a 5.2% rise that was due both to the increase in the price of single-family homes (6.5%) and that of apartments (5.1%).

The price per square meter of free price apartments increased by 5.5%. Among these, the price of second-hand ones stood at 1,450 euros (4.4% year-on-year) and that of new apartments at 2,123 euros (7.5% year-on-year).

The buying and selling of other properties added up to 6,434 operations (-8.4% year-on-year), of which 41.8% corresponded to land or lots. The average price per square meter of these transactions stood at 233 euros (-8.8% year-on-year).

In addition, mortgage loans for the acquisition of a home increased 2.3% year-on-year in August, to 15,859, while its average amount rose 4.6% year-on-year, to 133,116 euros. As for the incorporation of companies, in August created 3,941, which represents a 12.8% year-on-year fall. The average capital of these was reduced by 7%, to 15,572 euros.

. (tagsToTranslate) buying and selling (t) homes



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