Sales and Price Trends
The Spanish real estate market saw a 6.2% increase in property transactions in August, reaching 38,061 deals. Mortgage approvals rose by 12.2% to 19,795, with property prices also climbing by 4.3%, averaging 1,599 euros per square meter.
Regional Breakdown
Apartment sales grew by 6.1%, while single-family home sales rose by 6.8%. Top-performing regions included Castilla y León, Asturias, and Castilla-La Mancha. The Balearic Islands saw minimal change, while declines were noted in the Canary Islands, Aragon, and Galicia.
Property Price Movement
Apartment prices increased by 4%, averaging 1,789 euros per square meter, while single-family homes saw a 5.2% rise. Castilla-La Mancha and Navarra led in price growth, with declines in La Rioja, the Basque Country, and Galicia.
Mortgage Trends
52% of home purchases were financed through mortgages, with loans averaging 144,908 euros. The highest growth in mortgage approvals was seen in Castilla y León and Cantabria, while reductions occurred in Navarra and La Rioja.
Loan Amount Variations
Average mortgage loan amounts varied across regions, with notable increases in Murcia and Castilla-La Mancha and decreases in Asturias and Navarra.
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