Author: NARENDRA SHRESTHA | EFE
Galicia was the only autonomous community where business increased, with growth of 3.8%
He the number of house sales decreased by 11.7% in the year-on-year rate last March, reaching 63,661 shops, while the average price per square meter was 1,580 euros, 2.6% less than in March 2022, according to data from the General Council of Notaries published this Thursday.
According to the type of housing, apartment sales fell by 11.2% on an annual basisto 49,263 units, while the sale of family houses decreased by 13.4% on the annual level, to 14,397 units.
Apartment prices in March last year fell by 2.6 percent compared to the same month in 2022, reaching 1,746 euros per square meter, while the prices of family houses averaged 1,276 euros per square meter, with a drop of 2.7 percent. .
By the autonomous communities, the purchase and sale of homes fell in 16 of them in the year-on-year rate and increased only in Galicia (+3.8%). Of the decline, the most pronounced are La Rioja (-38.7%), Navarra (-34.9%), Madrid (-22.9%), Basque Country (-22.7%), Canary Islands (17.3%) . , Asturias (-16.2%), Balearic Islands (-16.1%), Castilla-La Mancha (-13.9%) and Catalonia (-12.5%).
On the other hand, in March of last year, the price of a square meter at the national level fell by 2.6 percent on an annual basis. Prices rose in ten communities and fell in seven, mainly in Cantabria (-7.7%), the Basque Country (-6.2%) and the Balearic Islands (-6.1%). The highest price growth, on the other hand, was recorded in the Canary Islands (+9.5%), La Rioja (+6.7%), the Community of Valencia (+6.3%) and Castilla y León (+5.9%) ).
Loans for the purchase of apartments fell by 26.4%
for his part, Housing loans for the purchase of a house fell by 26.4 percent on an annual basis last March, up to 27,192 operations. The average amount of these loans decreased by 4.4% on an annual basis and amounts to EUR 146,870.
He the percentage of home purchases financed with a mortgage loan last March it was 42.7%. In addition, with this type of purchase with financing, the loan amount represented an average of 70.9% of the price. At the regional level, mortgage loans for the purchase of apartments have passed four months without growth and exceeded negative rates of 20% in La Rioja (-24.7%), Galicia (-23.6%), Comunidad Valenciana (- 21.8 %), Extremadura (-21%) and Andalusia (-20.2%).
Source: La Vozde Galicia
I am Jason Root, author with 24 Instant News. I specialize in the Economy section, and have been writing for this sector for the past three years. My work focuses on the latest economic developments around the world and how these developments impact businesses and people’s lives. I also write about current trends in economics, business strategies and investments.
