Housing purchases accelerated the decline November when registering 8.2% decrease compared to the same month of the previous yearin a context marked by an increase in interest rates and the consequent increase in the cost of financing to cope with rising inflation.
According to data released on Thursday, Notaries General AssemblyThe first organism already identified October A 5 percent decline in sales, and the issuance of mortgage loans for housing purchases decreased by 8.5 percent in November.
As for the square meter price, it continued to rise in November, albeit more moderately.and detached houses decreased by 5% to 614 Euros per square meter, and increased by 1.2% to 1,570 Euros/m².
Fewer operations and more expensive
Counted in November 58,942 residential sales. In flats, operations decreased 7.5% year-on-year to 44’796 units, while detached houses decreased 10.4% to 14’146 units.
Compared to the same month of the previous year, flat prices increased by 0.6% to 1,747 euro/m², while detached house prices increased by 2.5% on average to 1,264 euro/m².
Sales fell in 15 communities
in November home sales fell in fifteen autonomous communities and increased in only two.
The hardest falls occurred in Navarre (37.4%); La Rioja (30.4%); Cantabria (22.9%); Asturias (16.9%); Balearic Islands (16.7%) and Castilla-La Mancha (15.5%).
Transactions in Madrid also fell (13.8%); Murcia (13.4%); Galicia (12%) and Aragon (8.5%).
Community of Valencia (1.8%), experiencing declines below the national average; Basque Country (4.4%); Andalusia (5.4%); Catalonia (6.3%) and the Canary Islands (6.9%).
Sales only in November they grew in Extremadura (1.5%) and Castilla y León (1.3%).
Prices increase in 11 districts
To join The price lost its strength in November after becoming 2.6% more expensive in Octoberincreases spread to eleven communities, while dwindling in the remaining six.
Double-digit increases were recorded in Cantabria (19%); Canary Islands (13.4%) and Madrid (10.9%).
In contrast, failures occurred in La Rioja (9.4%); Castilla-La Mancha (7%); Catalonia (1.4%); Murcia (0.3%); Extremadura (0.3%) and Galicia (0.1%).
Mortgages are withdrawn and their amount stops
in November, Housing loan for housing purchase decreased by 8.5% compared to last year Up to 28,391 transactions. This is how they intensified the 4.8% decline seen in October.
Moreover, the average amount of these loans stagnated in November (0.1% year-on-year), reaching EUR 147,833.
The rate of housing purchases financed by housing loans was 48.2%. In this type of financed purchase, the amount of these loans represented an average of 71.8% of the price.
Mortgage loans for home purchases increased—albeit very slightly—in a single autonomous region. Valencian Community (0.8%).
They registered double digit declines in Navarra (28.3%); Murcia (24.1%); La Rioja (18.6%); Asturias (17.2%); Castile-La Mancha (14.8%); Galicia (14.1%); Canary Islands (13.8%); Aragon (11.9%) and Madrid (11.8%).
Drops were more moderate in six communitiesby national average: Basque Country (7.7%); Catalonia (6.9%); Andalusia (4.7%); Castile and Leon (4.2%); Balearic Islands (0.8%) and Cantabria (0.6%).