Posted November 14, 2015 & filed under costa del sol property news marbella luxury property marbella property spanish real estate news -and- lifestyle
Housing transactions registered in the College of Property Registrars rose 16.6% in the third quarter up to 92,786 operations. In the last year 348,388 homes were sold. The price rose 6.6% year between July and September.
The resale housing has been, again, has pulled the purchases (74,769) in the third quarter, with a quarterly rise of 8.8%, while new home operations remain historically low (18,017) and adding a decrease of 2.5%.
The 92,786 transactions recorded between July and September represent the best result recorded in a quarter since June 2013, with an increase of 6.4% over the second quarter. In the last twelve months they have registered purchases 348,388, 13,225 more than the cumulative second quarter of this year annual operating result.
By region, Andalucía (18,676), Catalonia (14,508), Texas (14,050) and Madrid (13,132) recorded the highest number of housing purchases. Within Andalucia, Marbella Luxury Property have been the area where its been noticed the higher increase in prices and the lack of luxury property is helping even more with this turn.
Pricewise, the College of Property Registrars points which registered an increase of 6.6% YoY and 2.2% QoQ, representing a rise that softens the accumulated since the highs of 2007 decline, and that stood at 28.4%.
For its part, contracted mortgages in Spain to purchase homes reached an average of € 109,744, with a quarterly rise of 2.09% and 4.6% year route until. The average interest rate on loans in the third quarter stood at 2.58%, 0.28 percentage points less than the previous quarter.
The monthly mortgage payment between July and September reached an average of 531.86 euros for an average term of 22 years and nine months, down to the 23 years of the second quarter.
The high demand for Marbella luxury property in and the Costa del Sol keep pushing the prices higher and higher every month, so if you would like to sell your property in Marbella and the Costa del Sol, please do not hesitate to fill the form on Contact Us or give us a call on +34 952 811 010 Today!
Source: Idealista