This sale household We closed 2022 with 646,241 transactions, 14.5% more registered than 2021Based on Real Estate Registry Statistics 2022 Yearbook data presented this Tuesday by the College of Registrars.
transactions used housing They finished last year 531,589 sales, up 17.6% year on yearwhile new house record 114,652 transactions, 1.9% more By the end of 2021.
HE The average price paid for a house in 2022 is 188,036 euros, or 4.5% more. than 2021 Four autonomous communities exceeded the average National. The Balearic Islands are one of the autonomous regions with prices above the Spanish average and spending over 346,499 euros for housing. Housing prices fluctuated around 310 thousand 127 euros in Madrid, while the average was 242 thousand 782 euros in the Basque Country. Catalonia also ranked above the national average, with a house price of around 221,162 euros in 2022.
This cheaper communities From Spain there were Extremadura, where residences cost an average of 86,677 euros, Castilla-La Mancha at around 96,513 euros and Murcia over 109,000 euros, according to data from the College of Registrars.
throughout 2022, 51.6% of sales took place on surfaces larger than 80 square meters.Apartments between 60 and 80 square meters accounted for 28.1% of these operations, compared to 52.5% in 2021, while apartments between 40 and 60 square meters accounted for 16.8% of the total. The record also shows that 3.5% of apartments have a surface area of less than 40 square meters, compared to 3.3% the previous year.
For its part this year, it analyzes for the first time the number of bare home sales that recorded 1,657 transactions in 2022, up 23.7% from 2021.
foreign demand
Foreigners bought 13.8% of houses in 2022, over 10.8% in 2021. Thus, the downward trend of the last five years in the relative weight of this group has been broken. In this sense, they explain from the Registrar’s Office that this “shows the current strength of foreign demand in the context of real estate.”
Autonomous communities preferred by such buyers continued to be the Balearic Islands with 34.4%, followed by the Canary Islands with 28.6%, Comunidad Valenciana with 26.8% and Murcia with 19.1%.
HE 10.1% of home purchases by foreigners required a payment equal to or greater than 500,000 Euros.. In addition, there is a growth in non-EU buyers representing 42.3% of the total number of foreigners compared to 40.5% in 2021.
UK leader
According to nationalities, origin of the majority of foreigners United KingdomIts citizens tend to choose houses in the Community of Andalusia, Murcia and Valencia, especially Alicante. One of the most common nationalities, Germans choose to buy housing in the Balearic and Canary Islands; The Chinese prefer Barcelona, the Portuguese prefer Galicia.
In the interior provinces, purchases by Romanians predominate, while in the south Moroccans predominate, but are also distributed in various central and northern provinces.
average ownership time
HE The average length of time to own a home in Spain was 16 years and nine months, up 2.7% in 2022. versus 2021, which puts the data at the maximum in the historical sequence. In 2009, this number was 7 years and 4 months.
Regarding mortgage formation, the record includes an 11.2% increase in mortgage registration on residential property, surpassing those recorded at the historical minimum in 2013, when it reached 199,098 transactions. The largest increase occurred in La Rioja, up 24%, followed by the Balearic Islands with 22.1%. The highest decrease in the mortgage configuration was experienced in Navarra with 2.6 percent. The formalization of residential mortgages by foreigners remained at 6.6%, with 30,503 registrations in 2022, a higher rate than the previous year (5.5%). year, 7% compared to 2021.
HE average interest rate realized as 2.3% in 2022 The average contract duration was 24 years and 4 months. The average mortgage payment for housing in 2022 was 647 euros, 52 euros more than the previous year.