Published: 23rd February 2014
Data recently released by the General Council of Notaries has identified a decrease of 8.6% in Spanish property prices for 2013, with overall numbers of Spanish property transactions falling by almost 20% for the same period. The reductions in the number of property sales in Spain is comprised of a fall of 21.7% in apartment sales, and a fall of 10.6% in family homes.
The falls were also reflected in the demand for mortgages for Spanish properties, which saw a fall in numbers of almost 27.8%, with average loan values standing at €125,070, representing a drop of 6.7% on the year before. Throughout the market, a the number of Spanish properties purchased with a mortgage totalled 78.7%.