𝐓𝐡𝐞 𝐒𝐞𝐩𝐭𝐞𝐦𝐛𝐞𝐫 𝐟𝐢𝐠𝐮𝐫𝐞𝐬 𝐟𝐫𝐨𝐦 𝐒𝐩𝐚𝐢𝐧’𝐬 𝐍𝐨𝐭𝐚𝐫𝐢𝐞𝐬 𝐚𝐫𝐞 𝐢𝐧 𝐚𝐧𝐝 𝐭𝐡𝐞𝐬𝐞 𝐚𝐫𝐞 𝐭𝐡𝐞 𝐡𝐞𝐚𝐝𝐥𝐢𝐧𝐞 𝐬𝐭𝐚𝐭𝐬 👉 Home sales in Spain experienced a drop of 14.9% in September compared to (a very strong month) last year.
In September, the number of home sales reached 48,196 units, with an average price per square meter of 1,643 euros, showing a very slight 0.9% drop.
Although apartment prices fell by 1.7% to 1,811 euros per square meter, while the price of single-family homes actually increased by 0.1% to 1,347 per square meter.
Mortgage loans for property acquisition also saw a decrease of 22.6% during the same period.
The percentage of home purchases financed through mortgage loans stood at 41.7%, with the loan amount averaging 70.5% of the property price.
While transaction volume in Andalucia was down 15.3% property prices rose Andalucía by 1,2%. The number of mortgages issued in the region were down 23%, the average value of the mortgages that were issued was up by 5.3%
𝐌𝐘 𝐕𝐈𝐄𝐖: No major surprises here, what goes up must come down. Will be interesting to see how Q4 compares, my prediction is it will hold up comparatively speaking against 2022, because last year’s Q4 figures showed the market was already cooling.