{"id":2855,"date":"2020-02-13T16:21:33","date_gmt":"2020-02-13T15:21:33","guid":{"rendered":"https:\/\/www.marbellaforsale.com\/blog\/?p=2855"},"modified":"2020-03-23T16:39:31","modified_gmt":"2020-03-23T15:39:31","slug":"andalusia-homes-sales-up-in-december","status":"publish","type":"post","link":"https:\/\/www.marbellaforsale.com\/blog\/andalusia-homes-sales-up-in-december\/","title":{"rendered":"Andalusia Homes Sales Up in December"},"content":{"rendered":"
\"Housing

7,126 homes sold in Andalusia in December<\/p><\/div>\n

There was 53,947 housing sales\/purchases in December<\/strong>, an annual decrease of 1.2%, according to data from the Council of Notaries<\/a>.<\/p>\n

By type of property, there was a 3.8% reduction in the sale of apartments, with both new properties (-15.1%) and second-hand properties (-0.7%) seeing a contraction in sales. Meanwhile, the sale of single-family homes reached 11,944 transactions, an annual increase of 9.1%.<\/p>\n

In terms of the average price, a square metre of home purchased in December reached \u20ac1,469<\/strong>, reflecting a slight increase of 0.8%, year-on-year. This increase was due both to the rise in the price of single-family homes (0.8%) and to that of apartments (1.6%). Furthermore, the price of second-hand apartments stood at \u20ac1,588 (+0.6% year-on-year) while the price of new apartments reached \u20ac2,322 (+7.2% year-on-year).<\/p>\n

Finally, in December the purchase and sale of other types of properties stood at 14,095 operations (-5.6% year-on-year), of which 37.4% corresponded to land or plots. The average price per square meter of these transactions was \u20ac279 (2.2% year-on-year).<\/p>\n

Results by Autonomous Communities<\/h3>\n

Based on the sales of registered homes, the communities with the highest number of transmissions per 100,000 inhabitants are Valencia (133), Andalusia and Arag\u00f3n (both with 107). Incidentally, Andalusia saw a 3.8% increase in homes sales<\/a><\/strong> in December, with a total of 7,126, which in real terms, was the highest of all the autonomous communities.<\/p>\n

The Balearic Islands (14.5%), Cantabria (12.8%) and La Rioja (7.9%) saw the highest annual variation for the sale of all property types. For the sales only of registered homes, the highest rates were seen in Castilla La Mancha (18.3%), Navarra (18%), and Arragon (13%), according to figures from the INE<\/a>.<\/p>\n

Mortgages<\/h3>\n

The number of new mortgage loans made in December was 37,173, which represents an increase of 10.4% year-on-year. The average amount of such loans was \u20ac188,480, thus reflecting a fall of 5.6% year-on-year.<\/p>\n

Looking only at new mortgage loans for the acquisition of a property<\/strong><\/a> we see an 11.3% increase in December<\/strong>, year-on-year (29,034 loans), due both to the increase in the granting of loans for the acquisition of a home, which reached up to 26,953 loans (+11.2% year-on-year) as well as the increase in mortgage loans for the acquisition of other properties (12.6% year-on-year).<\/p>\n

In the case of housing, the average capital borrowed was \u20ac139,921, assuming a decrease of 3.3% year-on-year, and for other types of the real estate the average loan reached \u20ac223,092 (-12.2% year-on-year).<\/p>\n

Loans taken for the purpose of construction<\/a> showed a<\/strong> 33.2% year-on-year increase in December, up to 837 operations. The average amount of them was \u20ac518,831, reflecting interannual growth of 5.6%. On the other hand, the average amount of loans for the construction of a house was reduced by 4.1% to \u20ac315,109 (669 operations).<\/p>\n

Finally, the percentage of housing purchases financed by a mortgage loan stood at 50.0%. In addition, in this type of purchases with financing, the amount of the loan was 74.1% on average.<\/p>\n

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