Mon. Mar 30th, 2020

The price of housing increases by 2.6% in January and purchases by 0.3%

The price of housing increases by 2.6% in January and purchases by 0.3%


MadridUpdated:

The sale of homes increased slightly by 0.3% in January 2019 up to 40,388 operations, while the price registered a higher increase, of 2.6%, to 1,424 euros per square meter, according to the data of the General Council of Notaries. The increase in the price was due both to the increase in the price of single-family homes (4.1%) and that of flats (2.7%).

Specifically, the price per square meter of free floors grew by 2.9% and, within these, the price of second-hand goods stood at 1,555 euros (1% year-on-year) and that of new apartments in 2,186 euros (18.5% year-on-year).

By type of housing, the sale of apartments showed a year-on-year fall of 1.3%. In those of free price, purchases were reduced by 1.4% due to the contraction recorded in second-hand goods (-1.5%), while that of new flats did increase slightly (0.1%). On the other hand, the sale of single-family homes showed an increase of 6.6% year-on-year.

Finally, in January, the sale of Other real estate stood at 9,306 operations (-0.2% year-on-year), of which 36.3% corresponded to land or plots. The average price per square meter of these transactions stood at 221 euros (4.6% year-on-year).

As regards the number of mortgage loans, those for the acquisition of a home rose 6.1% year-on-year in January to 19,390. The average amount experienced a slight increase of 0.9% in interannual terms, to 135,616 euros.

On the other hand, mortgage loans for the acquisition of real estate increased in the first month of the year by 5.6% year-on-year (20,730 loans).

This was due, on the one hand, to the increase in loans for the acquisition of a home (6.1%) and, on the other, to the decrease in loans for the acquisition of other properties (-1.5%).

In addition, the number of new companies incorporated in the month of January was 9,265, which represents a year-on-year decrease of 2.4% while the average social capital of these companies stood at 16,401 euros, representing an annual increase of 2.3%.

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