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The Two Sides of the Housing Market in November: Prices Fall and Mortgages Increase

In total, 48,251 house sales were completed, down by 0.9% in interannual terms, whilst the number of mortgages increased by 6.7%, according to the General Council of Notaries.

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In November, the price per square metre of housing fell by 5.7% in interannual terms, to reach an average of 1,362 euros. In total, 48,251 house sales were recorded, which represented a decrease of 0.9% compared to the same month in 2019, according to data from the General Council of Notaries.

Specifically, the overall decrease in the price per square metre of housing was due to a 5.4% drop in the unit price of flats. Meanwhile, single-family homes became more expensive, by 0.2%, in year-on-year terms; and the price per square metre of private (freely priced) flats fell by 5.5%.

Read the full article in Spanish.

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