Statistics of property registrars confirm this. most real estate activity remained strong in Spain until the second quarter of the year and prices rose 9.5 percent living space Used. Housing prices increased by 2.4% compared to the previous quarter. During the month of June, house sales increased by 18.3% compared to the same month of 2021. The accumulated data for the last twelve months show that 626,345 registered home sales, the highest since the third quarter of 2008It far exceeds the results before the health crisis, which saw sales of just over 520,000 annually.
Median house price continues to show significant increases In both quarterly and annual results. €1,957/m² in the second quarter represented a 2.4% increase compared to the previous quarter, mainly driven by growth in used housing (3.4%), while new housing decreased slightly by 0.7%. College of Registrars, “only two out of 10 purchases correspond to new housing and in many cases, they collect sales contracts with an average advance of two years, so they don’t always add up the current behavior of the market, so they are more representative of the evolution of used home prices”.
Real Estate Registration Statistics for the second quarter of 2022 analyzes, among others, behavior reflecting current trends in Spaniards’ home purchases by the rate of flats compared to single-family homes or the rate of purchases in capitals compared to their states. .
More structural annual results, for Spain as a whole, Average price of 1,894 €/m² for the year as a whole i thought an annual increase of 7.4%New home prices registered a much more moderate increase of 1.6%, driven by stronger used housing (9.5%).
By autonomous communities, in the second quarter, the highest average prices were found in the Balearic Islands (3,180 €/m2), Madrid (3.169 €/m2), the Basque Country (2.787 €/m2) and Catalonia (2,427 €/m2). ). Conversely, the lowest prices were recorded in Extremadura (€796/m2) and Castilla La Mancha (€830/m2), the only communities under €1,000 per m2.
They were registered in the land registry between April and June. 163,909 homes sold, down 0.2% compared to the previous quarter. The new homes recorded 27,879 sales (down 13.7% from the previous quarter). Used housing registered 136,030 operations, up 3.1% quarterly.
foreign purchases
this foreign demand recorded its maximum level of the last ten years. In the second quarter, it reached 14.7%, accumulating five consecutive quarters of growth, exceeding the usual 13% in recent years. The British again lead the results with 9.8%, followed by Germans (9.1%), French (6.6%), Moroccans (4.9%), Belgians (4.9%) and Romanians (4.9%). The results of acquisitions by foreigners by the autonomous communities were led by the Balearic Islands (34.7%), the Canary Islands (34.2%) and the Commonwealth of Valencia (27.7%).
Regarding the ratio of flats and detached houses, in the second quarter of the year, house sales were allocated as 80.8% of collective houses (flats) and 19.2% (historical maximum of 22.5) of detached houses. % in the fourth quarter of 2020).
Looking at the data for the last twelve months, the weight of single-family homes is 19.7%, so the decrease to 19.2% in the last quarter means that the ratio between both modalities is the same as before. fixed at 80% for apartments and 20% for detached housesIt shows a gradual trend towards pre-pandemic outcomes, which historically did not reach an 18% share of single-family homes.
evolution mortgage continues to show its growth trend., in permanent increments until June. The total number of mortgages recorded 52,588 transactions compared to 48,374 in June 2021, representing an increase of 8.7% and a positive difference of more than 4,200 transactions. As for residential mortgages, it went from 35,779 operations in June last year to 39,778 this month, up 11.2%, up by nearly 4,000 more operations. Therefore, the evolution of mortgages shows an upward trend in June, although more moderate than the sales situation.