O Municipal licensing for new construction works or rehabilitation of residential buildings, in turn, showed a drop of 6.5% in January, compared to the same month last year, explains the Housing Statistical Summary prepared by the sector’s business association.
Regarding the number of licensed dwellings in new constructions, AICCOPN also states that there was a decrease, in year-on-year terms, with a contraction of 16.4% in January, compared to the same month last year, for a total of 2,394 dwellings .
In January, there was a 24.7% year-on-year increase in the volume of new mortgage loans, excluding renegotiations, granted by financial institutions, totaling 1,184 million euros.
It is also mentioned that the implicit interest rate on mortgage loans stood at 4.66% in January this year, which translated into an increase of 2.47 percentage points, compared to the same month of the previous year.
In January, with regard to the median housing valuation value for bank credit purposes, there was a rise of 4.4%, year-on-year, resulting from the 3.2% rise in apartments and the increase of 6. 1% on housing.
In terms of regions, in the Center of the country, the number of licensed dwellings in new constructions in the 12 months ending in January this year amounted to 4,321 units, representing an increase of 17.1%, compared to the 3,723 licensed dwellings in the previous twelve months. Of these, 13% are T0 or T1, 26% are T2, 47% are T3 and 14% are T4 or higher, he adds.
As for the bank appraisal value of housing, there was a year-on-year growth of 3.8% in this region in January.
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