The purchase of housing plummets 71% and falls to historic lows by the coronavirus

William GinésSEGUIRMadrid Updated: Save Send news by mail electrónicoTu name *

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The coronavirus that caused April to be a month lost to the economy. The collapse of the 96.5 per cent of new registrations of cars and 100% of foreign tourist arrivals was boosted by a fall in the purchase of housing 71.3%, up to the 14.459 operations. Represents the lowest figure in the last 20 years.

Are the figures that he has published this Wednesday, the General Council of Notaries, whose statistic reflects the public deeds signed by and between the seller and the buyer of the housing in that particular month. In April, the hard confinement to which he was subjected the population caused that the formalizations of c ompraventas were minimal. The decline in sales of new housing was 62.5%, while the second hand reached 72.8%.

the fall of The sale of other real estate was still higher in April, as descensió a 83.7 per cent, up from 1.884 operations. Of these, 34.5% were solar. The average price of these transactions, for their part, stood at 162 euros, a 30% less.

In the housing prices did not have the same evolution, since, despite the collapse of operations remained to the upside and grew by 3.3%, to 1.464 euros per square meter . This increase in the price per square meter of housing was due to both an increase in the price of single-family homes (+9.1 per cent) and flats (+2,5%).

For its part, the price per square meter for floors free price increased by 2.3%. Within these, the price of the second hand stood in the 1.608 € (+1,1% year-on-year) and the of the new flats in 2.067 € (+2,5% year-on-year).

Collapse of the mortgage –

The collapse of sales also took a toll on the mortgage market. The loans fell in April, 57.6% year-on-year (11.201 credits), according to the Notaries, both due to the fall in the granting of loans for the acquisition of a dwelling (-57,2% year-on-year) as the descent of the mortgage loans for the acquisition of other real estate (-63,3% year-on-year).

it is Still an open question how long it will take the market to recover the cifrras pre-crisis. Since the sector are confident that the process is as quick as the fall, but the collapse of consumption of the Spanish households cast doubt on this prediction. In this context, Servihabitat have been assured this Thursday that the volume of visits to homes is already at 90%.

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