We use our own and third-party cookies to make our website work safely and personalize its content. Likewise, we use cookies to measure and obtain data on your navigation and to adjust advertising to your tastes and preferences. Press the "Accept all" button to confirm that you have read and accepted the information presented. To manage or disable these cookies, click on "Configuration". For more information see our cookies policy.
Modify cookies
Technical and functional Always active
This website uses its own Cookies to collect information in order to improve our services. If you continue browsing, you accept their installation. The user has the possibility of configuring his browser, being able, if he so wishes, to prevent them from being installed on his hard drive, although he must bear in mind that such action may cause difficulties in navigating the website.
Analytics and personalization
They allow the monitoring and analysis of the behavior of the users of this website. The information collected through this type of cookies is used to measure the activity of the web for the elaboration of user navigation profiles in order to introduce improvements based on the analysis of the usage data made by the users of the service. They allow us to save the user's preference information to improve the quality of our services and to offer a better experience through recommended products.
Marketing and advertising
These cookies are used to store information about the preferences and personal choices of the user through the continuous observation of their browsing habits. Thanks to them, we can know the browsing habits on the website and display advertising related to the user's browsing profile.

Mortgages to buy housing grew 18.5% in 2016

Published on February 24th 2017

The average amount requested was 131,187 euros, 3.3% of the amount provided in 2015

The mortgage market in 2016 has not been alien to the recovery in the Spanish real estate sector. The number of mortgage loans granted for the purchase of housing grew by 18.5% and the average amount requested was 131,187 euros, 3.3% more than the amount provided in 2015, according to data from the General Council of Notaries. In addition, mortgage-backed purchases increased to 44.5%, which means that there is still a significant percentage of purchases that are paid without mortgage loans. In cases where there have been mortgages, the percentage of housing financed was 77.2%, below that 80% that financial institutions have as a ceiling to finance a home.

The Spanish real estate market has consolidated the growth path observed since 2014 and for the first months of 2017 no surprises are expected. According to notaries, the purchase and sale of housing registered a 13.5% year-on-year expansion in 2016 (14.8% in seasonally adjusted terms). This increase is divided between sales of flats (13.3%) and single-family homes (14.3%). The sale of used houses returned to play the main part of the transactions. Sales of second-hand flats showed an expansion of 16.1%, compared to the contraction experienced by the sale of new flats with 7.6%.

And if the sale of houses grows, so does the price. The cost of the square meter of homes sold in the year was 1,309 euros, which represents an increase of 2.4% year-on-year, affecting both the floors (2.9% year-on-year) and single- 0% year-on-year). Among the floors, the second-hand square meter stood at 1,431 euros (3.5% year-on-year) and new flats at 1,827 euros (4.9% year-on-year).

Source: El País

 

 

  • Barcelona

    93 293 19 07

    Paseo de Gracia 85, 8ª planta

  • Madrid

    91 800 54 66

    Serrano 60, 4ª planta

  • Sant Cugat del Vallès

    93 293 19 07

    Plaza Ausiàs March 1, 4ª planta

  • Valencia

    96 128 59 68

    Calle Mossen Femades 3, bajo dcha. Ed. Lauria

  • Palma de Mallorca

    97 100 32 03

    Calle Unió 9

  • Alicante

    96 564 11 13

  • Málaga

    95 156 38 58

  • Sevilla

    95 525 24 41