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Fewer Sales at Higher Prices: The Evolution of the Housing Market & Mortgage Lending in 2022

House sales and mortgage lending decreased by 8.2% and 8.5%, respectively. In addition, the average price per m² rose by 1.2%, showing signs of a slowdown.

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Fewer transactions, at higher prices. The General Council of Notaries has published its latest results regarding the living segment in Spain, including a comparison between the figures for house sales and mortgage lending. Between November 2021 and November 2022, house sales decreased by 8.2% and mortgage lending fell by 8.5%.

Specifically, in November 2022, house sales decreased by 8.2% year-on-year, with a total of 58,942 units sold, at an average price per square metre of €1,570/m², up by 1.2% in inter-annual terms.

Read the full article in Spanish.

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