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Detached Villa New buildRef: EH-NB 92422
Houses For Sale Los Alcazares Costa Calida
2016 is the year when the housing sales are rising in Spain
According to the latest data from the General Council of Notaries, the number of house sales registered an increase of 5.8% last March over the same month of 2015. It is the time to buy property in Spain before prices back to skyrocket.
The annual increase in the number of sales was due to the expansion of home sales floor (+ 4%), the increase in sales of single family homes (+ 13%) and the sale of other real estate (+ 1.2% yoy ).
Increased growth in resale properties.
In the case of the floors, the buying and selling of free price experienced a 5.2% increase compared to March 2015. Within this segment, sales of second-hand flats rose by 8.5% compared to the 18.5% contraction experienced by the purchase of new flats.
In terms of average price per square meter of the homes purchased in March it stood at 1,261 euros, reflecting an increase of 1.9% yoy, due both to rising single-family homes (+ 7%) and that of housing floor (+ 1.2%). Within floors free price, meter of second-hand stood at 1,361 euros (+ 1.1%) and new flats for 1,678 euros (+ 10.7%).
Meanwhile, sales of other properties stood at 9,262 operations in the third month of the year, representing a growth of 1.2%. Of total operations, 37% were land or solar. The average price of these transactions reached meter (+ 96.8% yoy) 316 euros.
Increases mortgage lending
The sector recorded in March an increase in the number of new mortgage loans granted by 4.2% yoy (7.3% in seasonally adjusted terms) to a total of 29,642 credits. The average amount of mortgage loans amounted to 153,929 euros, with an annual rise of 6.2%.
In the case of mortgage loans for the purchase of a property, their number grew by 16.5% yoy in March, although the figure rises to 17.1% for the purchase of a home and stays 10.4% for other properties.
Regarding capital, the average amount of mortgages for the purchase of a property stood at 134,881 euros in March, 5.9% higher than a year earlier, while mortgage to purchase a home it reached 125,265 euros, with a rise of 2.7% compared to the same month of 2015.
Meanwhile, the number of mortgage loans for construction grew by 2.3% in March, up to 472 credits, with an average amount of 277,491 euros, 7% more.
Loans for business finance
Also, the number of new home loans granted in March to corporate finance fell by 1.4% year on year to 319 operations, with an average amount of 588,090 euros, a figure 11% higher than in March last year.
Finally, the percentage of home purchases with mortgage financing stood at 46.7% in March. In addition, these purchases, the percentage of the value of the mortgaged property was 78.7%.
Europahus, variety of houses for sale in Los Alcazares and elsewhere in the Costa Calida.
If you need advice during the purchase of your home on the Mediterranean coast of Spain, contact EUROPAHUS. You tell us what you have in mind, and we take care to provide as many options according to your budget and preferences.
In our web catalog you can find villas, apartments, townhouses, bungalows, and all types of properties you can think of on the Costa Calida and Costa Blanca. From Mazarrón to Denia.
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