Here you will find news, views, events and information relating to real-estate in Spain.

Home Sales Increased in December, Say Notaries

Home Sales Increased in December, Say Notaries
Home Sales Increased in December, Say Notaries

December saw 51,603 home sales

The number of home sales in December 2018, stood at 51,603 transactions, according to the notaries, reflecting an increase of 1.2%.

By type of housing, the sale of flats showed an annual increase of 1.4%. Meanwhile, the sale of single-family homes showed a slight increase of 0.3% year-on-year.

In terms of the average price, a square metre of home purchased in December reached an average price of €1,459, reflecting an increase of 5.7% year-on-year. The increase was due to prices going up for both single-family homes (+2.3%) and also flats (+6.7%).

The average price of second-hand properties stood at €1,578 per square metre, an annual increase of 5.8%. The average price of new properties went up 8.3% year-on-year, to reach an average of €2,145 per square metre.

Finally, in December the purchase and sale of other types of property stood at 13,987 transactions, 5.1% down on the previous year. Of those sales, 38.6% relate to land purchases. The average cost of land/plot purchases reached €264 per square metre, a fall of 13.4% year-on-year.


The number of new mortgage loans taken in December was 32,316, representing an increase of 3.8% when compared to December 2017. The average amount of those new loans was €198,391, an increase of 6% year-on-year.

Looking only at mortgages for the acquisition of real estate, there were 24,880 new loans, an increase of 6.1%. This was thanks to the increase in the granting of loans for the purchase of a home (+6.2% year-on-year), and the increase in mortgage loans for other types of properties (5.8% annual increase). In the case of housing, the average capital loaned reached 144,346 euros, an annual increase of 4.1%.

Loans taken for the construction of a property showed a 12% increase in December, up to 619 operations. The average amount of those loans was €471,772, reflecting a slight decrease of 0.3%. On the other hand, the average amount of loans taken for the construction of a home increased by 7.3% to reach €331,350.

Finally, the percentage of home purchases which were financed through a mortgage stood at 44.7%. Additionally, in this type of purchase with financing, the amount loaned was on average 74.5% of the property value.