The sale of homes rebounded in April by 25.2% nationwide and 28.9% in the Canary Islands, the granting of mortgage loans for the acquisition of a home did so by 37.8% and the price of housing moderated its rise to 0.5%, according to data published by the General Council of Notaries.
With these increases, both sales and mortgages are once again resuming the increases they already registered in February, after months of declines as a result of successive increases in interest rates and which were interrupted in March with decreases of 13.7% and 4.5%, respectively. In the case of prices, although they continue to rise, they moderate their climb compared to the 4.5% they registered the previous month.
The price increased in the Canary Islands by 4.5% and fell in five communities
In April, the price per square meter rose 0.5% year-on-year and stood at 1,669 euros/m². In the case of apartments, the increase was 1.4%, up to 1,863 euros; while the price of single-family homes stood at 1,313 euros, registering a decrease of 0.7%.
In the case of the Canary Islands, the average home is 4.5% more expensive than in April last year. Prices rose in twelve autonomous communities and fell in another five. The largest increases occurred in Cantabria (32.6%), the Balearic Islands (27.7%) and La Rioja (22.1%).
Among the large markets, the price grew by 4.1% in Catalonia and 2.3% in Madrid.
On the contrary, housing prices registered declines in Navarra (-14%), Castilla-La Mancha (-6.4%), Aragon (-5.8%), Asturias (-5.5%) and the Basque Country (-0.9%).
Less than half of purchases are financed with a mortgage
In April, mortgage loans for the acquisition of a home grew by 28.3% in the Canary Islands and 37.8% nationwide; and the average amount of these loans increased by 0.9%, to 147,543 euros. In addition, the percentage of home purchases financed through a mortgage loan stood at 48.9%.
In this type of purchase with financing, the amount of the loan averaged 71.8% of the price.
At the autonomous level, mortgage loans for the purchase of a house grew in 16 autonomous communities and, again, fell only in the Balearic Islands (-15.3%).
The largest increases occurred in Castilla y León (70.3%), Asturias (56.8%), Extremadura (52.9%), Galicia (46.7%), the Basque Country (46.5%), La Rioja (40.9%), Madrid (40.5%), Cantabria (40.5%), Navarra (39.7%) and Andalusia (39%).
Balearic Islands, the only community in which purchases fell
In April, 61,683 sales were recorded, 25.2% more than in the same period of the previous year. By type of housing, apartment sales increased by 25.6%, to 47,604 units; while single-family homes increased by 23.8%, with 14,079 operations.
The sale of homes grew in 16 communities and only decreased in the Balearic Islands (-3.1%).
The largest advances occurred in La Rioja (51%), Extremadura (48.2%), Castilla y León (37.9%), Asturias (37.1%), the Basque Country (35.2%), Madrid (30.4%), Andalusia (29.5%), Galicia (29.1%), the Canary Islands (28.9%) or Cantabria (26.2%). In Catalonia, sales rose by 19.4%.
In addition, in April the average area of housing in Spain increased by 1.3% year-on-year.
