The purchase of homes continuous to grow
The number of purchases of registered homes increased by 11.3% in 2018, it reached the highest result of the last 10 years.
If we look at the type of buyers of these homes we can see that almost 88% of them were families compared to 12% who corresponds to companies or other entities, no significant changes have occurred in this regard in recent years.
However, if there has been an increase in foreign demand, reaching 12% of buyers. The trend of increase in this market continues in the autonomous communities of the Balearic Islands, the Canary Islands, the Valencian Community and Murcia. Foreign buyers opt for high value homes, exceeding 500,000€ per purchase made and it has been an increase in purchases by EU citizens, reaching 65% of investments.
Regarding formalized mortgages, they increased by 12% in relation to the previous year 2017, this increase is seen in all the autonomous communities without exception.
All this leads us to have excellent prospects for this year 2019. The real estate market is growing, and it is time to find the house you have always dreamed of.
Parque Centro offer advice and a wide portfolio of homes designed to become your new home. Contact us. We are waiting for you.