HOME buyers in Spain are preferring to flash the cash rather than take out a mortgage, according to new data. And Andalucia is benefiting most from their new financial freedom.
Only 30% of home purchases in the country are made with the help of a mortgage, according to Euroval’s latest Spanish Real Estate Situation report.
An incredible 70% are financed without a mortgage or paid for in cash – up from 65% in 2007.
According to the report, Andalucia saw the highest number of home sales, with 19.4% of the total, followed by Valencia with 15.4%, and similar shares for Catalunya and Madrid.
Together, these four regions account for 64% of all the housing transactions in Spain.
- A Guide To Choosing The Right Casino For You - 16 Apr, 2019 @ 09:05
- Paedo pensioner, 88, spared jail after sexually abusing neighbour’s 8-year-old daughter in Spain - 15 Apr, 2019 @ 14:37
- IN PICTURES: Easter processions kick off in fine weather in Spain - 15 Apr, 2019 @ 10:06
- IN PICS: British family and Madrid studio restore gorgeous period house in Spain into B&B - 13 Apr, 2019 @ 17:54
- SHELL SHOCKED: Unexploded BOMB found on property in Spain’s Malaga - 13 Apr, 2019 @ 12:05
- World Dance Day Saturday 13th April 2019 - 12 Apr, 2019 @ 16:38
- 10 Incredible Ways Technology Will Change Education By 2028 - 11 Apr, 2019 @ 14:30
- Airlines in Europe could soon be forced to fork out €1,400 for every piece of lost luggage - 7 Apr, 2019 @ 10:31
- Spain has one of smallest number of food-related deaths in world - 6 Apr, 2019 @ 11:00
- British tourists’ spending up in first quarter of 2019 with Andalucia the main destination for UK holidaymakers - 6 Apr, 2019 @ 09:25