News: Spanish property sales up by 13.9% in 2016, best figure since 2011
Sales of property in Spain continue to increase. According to data from the Official Association of Property, Mercantile and Personal Property Registrars, sales of homes in Spain grew 13.9% to 403,743 transactions, the best figure in the last five years.
While the number of second-hand property in Spain sold increased by 18.5%, new build property experienced a decrease of 3.2%.Home sales increased in all Spanish regions in 2016 with respect to 2015, with the Balearic Islands (+ 30%), Catalonia (21.1%) and Asturias (17%), leading the growth.
The increase in sales caused the price of housing to go up by 5.7% in 2016.
According to the report, 13.6% of the purchases made in the fourth quarter of last year were made by foreign buyers, who participated in 53,000 operations (+ 13.3%). By nationality, British purchasers (16.4%) top the list, followed by Germany (9.2%), France (8.5%), Sweden (6.4%) and Belgium (6.3%).
In quarter-on-quarter terms, mortgage debt per household declined by 1.9% to € 112,173, while the average amount in 2016 was € 111,656. This represents an increase of 2%.
If you too are looking to buy property on the Costa Blanca, let us show you what E-Style has available for sale.
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Ref.: 1733 2 2 - Close to sea
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Ref.: 1361 68m2 2 1 -
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109.900€99.000€Apartment - Resale
Spain - Alicante / Costa Blanca South - Los Balcones, Torrevieja - Los Balcones
Ref.: D1747 74m2 2 1 - Sea viewClose to sea
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Ref.: 1629 95m2 2 2 - Sea viewClose to sea
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Ref.: 1624 95m2 4 2 - EXCLUSIVEClose to sea
280.000€260.000€Apartment - Resale
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Ref.: E3339 79m2 2 2 -
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Ref.: D1273 173m2 4 3 - EXCLUSIVE
470.000€449.000€Villa - Resale
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Ref.: D1356 157m2 4 2 - Sea view
390.000€379.000€Villa - Resale
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Ref.: D1768 218m2 4 4 -
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Ref.: 1362 75m2 2 1 - Sea viewClose to sea
425.000€398.000€Semi Detached House - Resale
Spain - Alicante / Costa Blanca South - Punta Prima
Ref.: E1699 350m2 5 4 - Sea viewClose to sea
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Spain - Alicante / Costa Blanca South - Punta Prima
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