The steepest declines were in the sale of flats, with an annual fall of 10.2% (4.7% in the series corrected for seasonality) and free price floors, with a decrease of 10%, the decrease of 8.4% in sales of second-hand flats and falling sales of new free story by 22.6%. However, sales of single-family homes posted a slight growth of 0.9%.
As for the price, per square meter of the homes purchased in July she fell 3.6%, with an average of 1,274 euros, due to fall by 4.6% of the price per square meter of single-family homes and the decline 2.3% of the floors.
On the other hand, the square meter of apartments free price fell 1.7%, with an average price of 1,399 euros in the case of second-hand flats (-1.2%) and 1,844 in the case new floors (-0.6%).
The sale of other properties decreased by 6.1% in July, with 9,820 operations, of which 38.7% were land or solar. Its price per square meter stood at 192 euros on average, 7.5% more than the previous year.
The data also reflect a contraction of mortgage lending in July, a total of 28,504 and a reduction of 11% yoy and 3.1% in the seasonally adjusted series. The average amount of these loans was 164,309, down 0.9%.
Mortgage loans to purchase a property fell 4.4% year a total of 19,407, due to the fall of 4.7% in lending for house purchases and 1.7% on loans for the acquisition of other properties. Their average amount was 138,945 euros, 2.6% less.
Meanwhile, loans for construction fell 7.6% in July to 546 loans, with an average amount of 369,766 euros, 17.6% less than in July 2015.
Mortgage loans to finance business activities experienced a decline of 25.9% to 248 operations, and the amount increased by 24.6% to 735,209 euros. The percentage of homes financed purchases thus stood at 44.8%.
Barceló Real Estate worked for more than 10 years ago to make available to our customers the best properties in Orihuela Costa, Costa Blanca and Costa Calida. Our firm is part of the Barceló Group, a company with over 20 years experience in the real estate sector.
We work tirelessly to provide the best selection of homes for sale, new build and second hand. Our desire is that through us can find the right property that get the most sun and the Mediterranean Sea. Contact us today.