Notaries are holding back the euphoria around the escalation of the price of housing


Report of a “slight decrease” Annual of the 0,5% (a 1.333 EUR/m2)

It noted an increase of the 2,6% in the sales (up to the 45.710 operations) and an increase in the number of mortgages of the 6,7%, We tell you all the news on the World.

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The price of housing, According to the vast majority of market research, experiencing an escalation of pronunciation. A reality that notaries have little say in his latest real estate statistic corresponding to the month of July this year 2017. This organism has been reported of a “slight decrease” Annual of the 0,5% in the cost of the square meter sold homes.

En concreto, Notaries reported that homes purchased during the month of July square meter cost 1.333 euros, reflecting a slight lowering of the 0,5% Interannual. This decline in the price of a square meter of housing is, exclusively, the fall of the price of a square meter of the apartments, Since square meter of single-family homes appreciated a 0,3% Interannual.

Exactly, square meter of free price flooring dropped a 0,4%. Within these, the value of the square of the of second hand stood in the 1.487 euros (0,9%) and the floors new en 1.795 euros (-7,9%).

On the other hand, buying and selling of houses stood in July in 45.710 transactions, representing a year on year increase of the 2,6%. By typology, the sale of flats showed an annual increase of the 1,1% and the story of free price a 0,8%.

The free flats transactions increase was due, exclusively, to theexpansion of the sales of second hand flats (2,7%), given that the sale of new flats dropped a 15,4%. Por otro lado, the sale of single-family homes showed an increase of the 8,1% Interannual.

Another positive fact that shows the statistics of the General Council of notaries is the one concerning the contracting of loans for the purchase of a House. The signing of new mortgages grew a 6,7% compared to the same month of 2016, up to the 20.730 operations. And the average borrowed capital amounted to the 127.382 euros,assuming a decrease of the 10,8%.

Finally, the percentage of purchases of homes financed by a mortgage loan stood in the 45,4%. Además, in this type of financing purchases, the amount of the loan was on average the 75,9%.