Tag: deceleration

Notaries: House Sales Rose by 7.6% in Q1 2018

16 July 2018 – Eje Prime

There has been a slight cooling off in terms of residential transactions. House sales rose by just 7.6% during the first quarter of 2018, representing a “small deceleration” in YoY growth with respect to previous quarters, which have been exceeding 10%, according to the General Council of Notaries.

House transactions rose in the majority of the autonomous regions, led by La Rioja, with an increase of 22.6%. It was followed by Murcia (+20.9%) and the Community of Valencia (+18.5%). At the opposite end of the spectrum were the Balearic Islands (-8.1%), the Canary Islands (-2.4%) and Extremadura (-1.2%).

As with the volume of operations, prices also showed signs of a decelerating trend, although they did rise by 1.4% on average. The national average price amounted to €1,377/m2, whilst in País Vasco, the Balearic Islands, Madrid, Cataluña and the Canary Islands, prices exceeded the average, at €2,208/m2, €2,157/m2, €2,146/m2, €1,646/m2 and €1,490/m2, respectively.

In addition, the sale of flats grew by 6.9% during the first quarter, somewhat lower than the increases of more than 10% seen in the previous eight quarters.

On the other hand, according to the General Council of Notaries, the “significant” increase in the number of mortgage loans to acquire homes, seen last year, continued at the national level (+10.9%) during the first quarter.

Original story: Eje Prime

Translation: Carmel Drake

Eurostat: Construction Growth Decelerates In Dec 2014

20 February 2015 – El Mundo

Output in the construction sector in Spain grew by just 1.6% (in December 2014), a positive percentage but a far cry from the increases recorded in October (+13.9%) and November (15.9%).

Romania (15%), Sweden (+9.4%) and Poland (+4.8%) were the countries that recorded the greatest increases.

Construction output in Spain has slowed down once again. After several months of double-digit growth, activity in the sector grew by just 1.6% in December 2014 with respect to the same period in 2013, according to data from the EU statistical office, Eurostat.

Although the latest percentage is positive, it is a far cry from the +15.9% and +13.9% recorded by the sector in November and October, respectively. The situation in Spain stands out in the context of the decreases across the Eurozone as a whole (-3.5%) and in the European Union (-0.5%).

In inter-monthly terms (between December and November), construction output in Spain declined by 1.5%, whereas it fell by 0.8% in the monetary union region.

In terms of the countries for which data as at December 2014 is available, the greatest inter-monthly increases were recorded in Romania (+7.2%), Italy (+2.3%) and Poland (+1%), whereas the most significant decreases were experienced in Hungary (-6.5%), the Czech Republic (-3.3%) and Germany (-2.9%).

Compared with December 2013 (inter-annual figures), the greatest reductions were recorded in Slovakia (-9.8%), the Czech Republic (-7.8%), France (-7.5%), Italy (-5.2%) and Germany (-4.7%). The opposite end of the table was headed up by Romania (+15%), Sweden (+9.4%), Poland (+4.8%), UK (+4.7%) and Slovenia (+4.6%).

Finally, for 2014 as a whole, construction output increased by 2% in the Eurozone with respect to 2013, whilst in the European Union it rose by 3%.

Original story: El Mundo

Translation: Carmel Drake