Madrid (EFE).- The sale of homes fell by 20.7% in April compared to a year earlier, while the granting of mortgage loans for the purchase of a house sank by 31.9% in a context marked by the rise in interest rates and the consequent increase in the cost of financing.
According to data provided this Wednesday by the General Council of Notaries, the price per square meter continued to grow, albeit very moderately, after rising 0.9% year-on-year.
In addition, the percentage of home purchases financed by a mortgage loan stood at 44.1%.
The price of housing moderates its rise to 3.5% and chains 36 quarters on the rise
The price of housing moderated its rise in the first quarter of 2023 by rising 3.5% compared to the same period a year earlier, the lowest rate it has registered since mid-2021, according to data published this Wednesday by the National Statistics Institute (INE).
With this new increase, housing prices have risen for 36 quarters.
Between January and March of this year, new housing was the one that increased its price the most, 6% year-on-year, the lowest rate since the third quarter of 2021. For its part, the price of used housing rose 3% and presents positive rates since mid-2014.