Property search
Purchase Rent
View All

News

Data about properties purchase in Spain and Balearics

Spanish notaries have estimated the increase in property sales by 12%.

By type of housing, the sale of flats showed a year-on-year increase of 11.5% with a 12% increase in the free market. The purchase and sale of housing increased in November 2016 by 11.8%, to 40,464 transactions, while the average price of operations contracted by 3.2%. In the same way, the purchase of housing increased by 32.8% year-on-year in the last months of 2016 in the Balearic Islands, with 1,258 operations, the highest increase among the autonomous communities.

This increase in free-floor transactions was due only to the expansion of second-hand floor sales, which rose 13.9%, as new ones fell 5.3%. For its part, the sale of single-family homes rose 12.9%.

Of the total number of houses sold, 1,234 were free houses and 24 were protected; and 232 new housing compared to 1,026 second hand, according to data published today by the National Institute of Statistics (INE). The total number of properties transmitted in November 2016 in the islands was 4,208, 2.9% more than the same month of the previous year.

aitaap11722_140770

In Spain as a whole, housing sales increased by 17.3% in November 2016 compared to the same month in 2015,with 33,806 operations registered in the property records, chaining ten months to the rise. The advance of sales in November was due, one month more, to the second-hand market, which, with a rise of 19.8% and 27,996 transactions, accounted for 82.8% of the total recorded. The number of operations on new homes also rose but in a lower percentage, 6.8%.

By autonomous communities, the purchase and sale of housing grows at an annual rate in all with the Balearic Islands, 32.8% more; Canary Islands, 26.3%; And Aragon, 25.8% more, presented the highest increases.

As for mortgages, in November they fell 0.6%, to 26,985, with an average amount of 152,817 euros, 0.7% less. Within this figure, mortgage loans for the acquisition of real estate increased by 11.3% year-on-year, to 19,435 loans.

aitaap3313_131693-2

Balearic Properties is the largest Real Estate Property Network based on the Balearic Islands, with over 15 years of experience in the Mallorca real estate market. The company offers you the latest properties for sale including frontline villas, beautiful apartments, luxury country homes and investment properties. Our company will help you to find the right villa or apartment or penthouse with exceptional price/value ratio.

There are no responses so far. Be the first to leave one →