Torre de la Horadada Property for Sale
The price of new build property increased by 26% in October
According to data from the General Council of Notaries, average house prices rose in October, while at the same time, house purchases and mortgage firms were reduced.
According to data from notaries, periodically summarized in the reports of the General Council of Notaries, housing sales fell by 1.7% in October compared to the same month of 2015 - with 35,743 transactions - while the average price rose by 1, 5%. Among these data, it is particularly noteworthy that the increase of 26.2% in new housing, where supply is scarce and demand pressure is beginning to wreak havoc on prices.
Less mortgages.
The fall in the sale of houses has had its reflection in the mortgage market. Mortgage loans for the purchase of a home fell 5.2% year-on-year, to 14,890 new loans; Although its amount increased slightly by 0.9%, to 125,138 euros.
The data shows optimistic figures for 2017.
However, despite what appears to be a slowdown in the sector during this last phase of the year, there is some reason to be optimistic for 2017. During 2016, free second-hand homes mobilized 38,500.7 million (a 20, 6% more than in 2015), while the amount in new works was significantly lower, with 5,029.7 million (0.9%).
