this sale digit went up 15.5% in April Compared to the same month of 2021, an average 6.5% increase in price14.7% more mortgage loans for purchase, but their amount decreased by 1.3%. according to the data Notaries General Assembly The number of signed sales in April, announced this Tuesday, reached 60,734 operations, with an average price per square meter of 1,575 euros per square meter (euro/m²). With housing type, flat sales increased by 16.5% compared to the previous year and reached 46,377 units, while single family sales increased by 12.4% to 14,357 units. Flat prices increased by 3.6% compared to the same month of the previous year and became 1,749 Euro/m², while detached house prices increased by 13.5% with an average of 1,283 Euro/m².
this residential panorama Spain shows a moment of relative enthusiasm in sales and moderate increases in prices. But the spike in interest rates sets off a period of complexity for buyers with the expectation of a two percentage point increase in the cost of the mortgage within a year or two. In these cases, buyers must provide an adequate margin of financial security or agree on a flat rate loan with the financial institution. This type of financial product is starting to become more difficult to obtain at low rates. The Spanish Mortgage Association, which brings together the majority of financial institutions, estimates that the percentage of fixed-rate mortgages will fall by 50% in a year, compared to about 73% today. It is anticipated that mixed financing formulas may be consolidated in the market in the coming months, with fixed rate in the first years of the mortgage and variable maturity in the following years. Currently, buyers are interested in financing at a flat rate of less than 1.5% and in no case more than 60% of the total cost of the house.
online with shopping progressin April mortgage loans For home purchases, national level increased 14.7% year-on-year to 32,192 operations, but the average amount decreased by 1.3% to 147,693 euros. Housing sales increased in all autonomous communities in April, with the exception of Murcia, where it fell by 2% compared to the same month of the previous year. Evolving above the national average are Navarra (50.4%), Canarias (45.5%), Cantabria (29.3%), Baleares (22.9%), Andalusia (22%), Valencian Community (21%, 5) and Castilla y León. (17.9%). Below the national average but showing double-digit increases were Castilla-La Mancha, Catalonia, Asturias, Aragon and Extremadura.
As for prices, there were increases in all regions except Castilla-La Mancha (-11.5%) and Navarra (-1.8%). In order of magnitude, Andalusia (18.3%), Murcia (13.1%), Valencian Community (13.1%), Galicia (12.8%), Madrid (11%) ,1) and the Balearic Islands (10.2%) recorded double-digit increases. ), increases were more moderate in the rest of the communities. In April, home purchase loans increased by 14.7% to 32,192 operations and the average amount was 147,693 euros, down 1.3% from April 2021. The percentage of home purchases financed by loan mortgages was 53%, and the loan amount was 53%. Credit accounted for an average of 73.5% of the price. By communities, mortgages grew in all but Murcia (-4.4%), reaching double-digit rates in eleven; these include Cantabria (35.8%), Castilla y León (31.6%), Canary Islands (28.1%), Andalusia (24.8%), Navarra (23%) and Catalonia (20.2%) .
As for the average amount of new mortgage loans for home purchases, development continued to be uneven at the regional level, as it grew in nine communities and decreased in the remaining eight. in Andalusia (9.9%), Castilla y León (8.3%), Galicia (7.7%) and Aragón (6.2%), and the Balearic Islands (14.7%) and Extremadura (-14%) ,5) decreases were noted.