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

New Property Sales Rebound in April

New Property Sales Rebound in April
New Property Sales Rebound in April

Sales of new property bounced back in April

In April, there was 50,172 property sales, an annual increase of 1.06%, according to data from the General Council of Notaries.

The increase was due exclusively to the considerable increase in the sale of new properties (+18.6% year-on-year), while there was a drop in sales of second-hand properties (-1.6%). The sale of single-family homes increased by 7.4%, while there was a fall of 0.6% in the sale of flats.

In terms of average price, a square metre of housing purchased in April reached €1,407, reflecting a drop of 1.7% year-on-year. This was due to a fall in price of both flats (-0.6%) and also single-family homes (-2.1%).

The average cost per square metre of second-hand housing in April was €1,569 (-1.2% year-on-year), while the average price of new property reached €2,092 (+1.7% year-on-year).


There was an annual increase of 3.7% in the number of new mortgage loans taken in April, reaching 33,659 new loans. The average amount of those new loans reached €171,521, reflecting an annual increase of 4.1%.

Looking only at mortgages taken for the purchase of real estate, there was an increase of 4.6% with 25,878 new loans. This was due, on the one hand, to the increase in loans taken for the acquisition of a home (5.1%) and, on the other hand, the decrease in the number of loans taken for the purchase of other types of property (-2.3%). The average amount of the loans taken for the purchase of a home reached €135,084, reflecting an annual decrease of 1.1%. For other types of property, the average amount of capital borrowed reached €180,442, an annual fall of 12.4%.

Loans taken in April for the construction of a property increased 7.2%, up to 649 operations. The average amount of those loans was €481,387, an increase of 14.3%. On the other hand, the average amount of loans taken for the construction of housing increased by 24.7% to reach €341,330 (508 loans).

Finally, the percentage of home purchases which were financed by a mortgage loan in April stood at 48.3%. Furthermore, in this type of transaction, the average loan-to-value was 74.7%.