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The purchase of homes grows another 15% in March despite the wave of inflation

The real estate market has not suffered the ravages of the wave of inflation. The home sales number it increased by 15.5% in the interannual rate during the month of March, reaching a total of 70,812 operations. The average price per square meter stood at 1,583 euros, 9.2% more than in the same month last year. This is collected by the data of the General Council of Notaries and collected by Europa Press.

By type of housing, sales of flats increased by 17.8% year-on-year, to 54,434 units, while sales of single-family homes increased by 8.5% year-on-year, reaching 16,377 units. The prices of flats rose by 5.7% compared to the same month of the previous year, reaching 1,745 euros per square meter, while the price of single-family homes stood at an average of 1,297 euros per square meterwith an increase of 15.8%.

whyautonomous communities, the sale of homes grew up in all of them, except in Navarra and the Basque Country, where it fell by 11.8% and 7.3% year-on-year, respectively. By contrast, the further advances they registered them Canary Islands (+44,8%), cantabria (+29,1%), Andalusia (+23%), Castilla la Mancha (+21,7%), Balearic (+21,3%) y Valencian Community (+21.2%). For its part, the price per square meter rose by 9.2% year-on-year at the national level. In 13 autonomies there was an increase in the price of housing and in the remaining four it decreased.

In order of magnitude double-digit increases were recorded in Balearic (+24,4%), Navarra (+17,2%), Madrid (+16,6%)Galicia (+15,6%), Valencian Community (+14,3%), Castile and Leon (+14,2%), Andalusia (+13,6%), cantabria (+12,5%), Canary Islands (+12,2%) y Murcia (+11.6%). On the other hand, house prices registered decreases in Extremadura (-1.2%), La Rioja and the Basque Country (-0.9%) and Castilla-La Mancha (-0.7%).

In March, the mortgage loans for home purchases grew by 8.9% year-on-year nationwide, up to 36,240 operations. The average amount of these credits was increased by 1.8% year-on-year, reaching 147,722 euros on average. The percentage of home purchases financed by a loan mortgage stood at 51,2%. In addition, in this type of purchase with financing, the amount of the loan meant on average 73.7% of the price. A autonomic levelmortgage loans for house purchase grew in 13 autonomous communities, especially in cantabria (+38%), Canary Islands (+18,3%) y The Riversa (+16.8%), and they fell in the Basque Country (-9.5%), Navarra (-6%), Murcia (-2.4%) and Castilla y León (-0.8%).

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