Property for Sale in Dona Pepa

The purchase of housing in Spain rises 9.9% in February and its price is increased by 2.5%

The granting of mortgage loans also grew 2.5% year-on-year, according to the General Council of Notaries

The sale of housing continues to rise and prices as well. In the month of February were closed 38,176 operations of purchase and sale, which represents a year-on-year increase of 9.9%; And the average price per square meter of homes sold was 1,305 euros, an increase of 2.5%, according to the real estate statistics of the General Council of Notaries. In addition, home loans also grew 2.5% year-on-year, to 16,337 contracts, and the average capital was 125,445 euros, a slight increase of 0.6%.

Recovery continues.

It continues blowing wind of face for the Spanish real estate sector, especially for the market of used houses. The bulk of the operations closed in the second month of the year was carried out by second-hand floors, which grew by 14.5%, while new floors fell by 1.7% year-on-year. For its part, the sale of single-family homes showed an increase of 5.1% year-on-year.

The rise in housing prices was due to both the 2.6% increase in the price of flats and the increase in the price of single-family homes (1.9% year-on-year). The price per square meter of second-hand flats stood at 1,426 euros (2% year-on-year) and new flats at 1,809 euros, showing a year-on-year increase of 8.7%.

When purchasing houses, the percentage of purchases of housing financed by a mortgage loan stood at 42.8% and in these operations the amount of the loan was, on average, 77.4% of the cost of the house , According to the Notary.

Petra Hönig helps you find property for sale in Dona Pepa

Take a few moments to browse through our unique catalogue of properties, where you will find the latest and finest selection of properties in and around Quesada, Villamartin, Orihuela Costa and Guardamar.

Our experienced multi-lingual staff based in our Quesada head office and Villamartin offices on the Costa Blanca will be able to help you with every aspect of your Spanish property purchase.

In Petra Honig, from your first contact with us we will endeavour to identify your requirements and provide you with relevant options that fall within your budget and will help you find the best value for your money that is currently available when buying a Spanish property. We specialise in both Resale and Brand new homes, to suit all budgets, both on the coast of the Costa Blanca and further in land.