2023-09-10 09:05:41
The College of Registrars has set off all the alarms after publishing its Real Estate Registry Statistics for the second quarter of 2023, in which they reveal that the mortgage firm collapsed in June, down to 22.5% per year. The evolution of mortgages established in recent months shows a more intense downward trend than sales.
He number of home mortgages has fallen for the fourth consecutive quarter, reaching 93,557 in the second quarter of the year (109,406 the previous quarter), with an intense decrease of -14.5% compared to the previous quarter. The decline in mortgage activity has been much more intense than the number of home sales (-5.6%), showing the intense growth in interest rates.
Consequently, the quarterly percentage of registered mortgages over registered housing sales has also decreased significantly, specifically, by -6.4 pp during the last quarter, reaching a proportion of 61.6% Registered mortgages on registered sales.
Signing a mortgage. Photo Freepik
In terms of the number of total mortgages, in June of last year, 53,902 operations were constituted compared to 41,761 in June of this year, which represents a decrease of 22.5%, with a negative difference of more than 12,100 operations. As for the home mortgagesfrom the 40,864 operations in June 2022 it has gone to 31,632 in June of this year, 22.6%, similar to the decrease in total mortgages, with about 9,200 fewer operations.
Fall in home sales
In June, the cvery windy totals decreased 2.6% compared to the same month of the previous year, which has accumulated seven consecutive months of declines, after continuous growth since March 2020. Of the 103,813 operations registered in June 2022, this has dropped to 101,097 last June, a reduction of more than 2,700 operations. Home sales fell further, 7.5% annually, and from the 55,233 transactions in June of last year they fell to 51,106 in June of this year, around 4,100 fewer transactions.
Madrid, the community with the highest price
He house price has increased compared to the previous quarter, after two quarters of consecutive falls. Specifically, it rose 3.1% in the second quarter, up to 1.979 €/m²caused by the greater force of the new home (5.3%), while the used housing registers a more moderate increase of 2.7% in its prices.
Madrid was the community with the highest housing price. Photo by Servimedia
By autonomous community, the highest average prices were located in Madrid (€3,299/m2), followed by Balearics (3.214 €/m2), Basque Country (€2,943/m2) and Catalonia (€2,474/m2). On the contrary, the lowest prices were recorded in Castilla la Mancha (€864/m2) and Estremadura (€783/m2), the only communities below 1,000 euros per m2.
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