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Spain Property Sales Drop 14.9%

๐“๐ก๐ž ๐’๐ž๐ฉ๐ญ๐ž๐ฆ๐›๐ž๐ซ ๐Ÿ๐ข๐ ๐ฎ๐ซ๐ž๐ฌ ๐Ÿ๐ซ๐จ๐ฆ ๐’๐ฉ๐š๐ข๐ง’๐ฌ ๐๐จ๐ญ๐š๐ซ๐ข๐ž๐ฌ ๐š๐ซ๐ž ๐ข๐ง ๐š๐ง๐ ๐ญ๐ก๐ž๐ฌ๐ž ๐š๐ซ๐ž ๐ญ๐ก๐ž ๐ก๐ž๐š๐๐ฅ๐ข๐ง๐ž ๐ฌ๐ญ๐š๐ญ๐ฌ ๐Ÿ‘‰ 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 Andalucรญa 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%

๐Œ๐˜ ๐•๐ˆ๐„๐–: 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.

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