May 2013. Is it time to buy now ?

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16 May 2013 10:51 AM by johnzx Star rating in Spain. 5242 posts Send private message

 

From El Mundo comes some figures on house-sales.

 

These will be different from coastal and holiday homes, but not perhaps by very much:-  'The sale of housing fell by 24.7% in the first quarter of 2013 compared with the same period of the previous year due in part to the change of the tax treatment of housing that produced a temporary advancement in the decision to purchase, according to the General Council of Notaries.

 

 Between January and March 2013, the average price per square metre fell by 16%, while in the case of apartments, prices fell by 17.3% and the number of transactions contracted by 25.1%.

 

Statistics also show that the total number of new mortgage loans signed during the first three months of the year decreased by 27% in relation to the same quarter of 2012, and those earmarked for the purchase of housing fell by 35.1%.

 

Just in March, the number of house-sales recorded a year on year decline by 31.1%, and, in the case of apartments, the volume of transactions fell by 32.3%'...

 


 


 


This message was last edited by johnzx on 16/05/2013.


This message was last edited by johnzx on 16/05/2013.



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16 May 2013 11:05 AM by 66d35 Star rating. 243 posts Send private message

If you add in a ban on owners offering holiday lets, plus the asset declaration law...

You ain't seen nothing yet.

Not to even mention the uncertainty over UK EU membership which could completely devastate the housing market in Spain for ex-pats.

 

 





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