Public Corporation of Land, Movables and Business Registrars

4th Quarter 2013

Registered Real EstateStatistics

Public Corporation of Land, Movables and Business Registrars

During 2013 it fell by 1,25%, bringing the fall in price to an end which had started in 2008, causing an adjustment of 31,12% .

Real Estate Registered Statistics4th Quarter 2013

1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 1T

2013 2T

2013 3T

2013 4T

.000

20.000

40.000

60.000

80.000

100.000

120.000

140.000

Housing price index of repeat sales

Spanish Case & Schiller Index

Purchases/Sales continued being at historic low records in 2013, with 329.146 transactions, falling by 0,48% with respect to 2012.

Real Estate Registered Statistics

4th Quarter 2013Evolution of number of quarterly of house sales. Total national

-

50.000

100.000

150.000

200.000

250.000

300.000

3T

05

4T

05

1T

06

2T

06

3T

06

4T

06

1T

07

2T

07

3T

07

4T

07

1T

08

2T

08

3T

08

4T

08

1T

09

2T

09

3T

09

4T

09

1T

10

2T

10

3T

10

4T

10

1T

11

2T

11

3T

11

4T

11

1T

12

2T

12

3T

12

4T

12

1T

13

2T

13

3T

13

4T

13

GENERAL NEW SECOND HAND

The Autonomous Communities with highest home sales in 2013 were Andalusia, Catalonia, Valencia and Madrid.

House sales. Number of registered sales

Quarterly Annually

AUTONOMOUS COMMUNITIES General New Second-hand General New Second-hand

ANDALUSIA 14.592 7.071 7.521 66.841 33.810 33.031ARAGON 1.863 600 1.263 8.518 2.918 5.600ASTURIAS 1.248 608 640 5.318 2.678 2.640

BALEARIC ISLANDS 1.958 936 1.022 7.726 3.671 4.055CANARY ISLANDS 3.849 2.056 1.793 16.311 9.258 7.053

CANTABRIA 1.006 555 451 4.201 2.161 2.040CASTILE AND LEON 3.316 1.379 1.937 15.889 7.292 8.597

CASTILE-LA MANCHA 2.692 1.234 1.458 14.522 7.469 7.053CATALONIA 10.217 3.406 6.811 47.771 15.778 31.993

COMMUNITY OF MADRID 11.388 5.816 5.572 46.188 20.746 25.442COMMMUNITY OF VALENCIA 10.521 4.695 5.826 47.649 22.250 25.399

EXTREMADURA 1.168 448 720 5.624 2.526 3.098GALICIA 2.972 1.832 1.140 13.357 7.994 5.363LA RIOJA 670 301 369 3.226 1.813 1.413MURCIA 2.038 1.022 1.016 11.053 5.702 5.351

NAVARRA 905 430 475 3.892 1.652 2.240BASQUE COUNTRY 2.157 698 1.459 11.060 4.507 6.553

NATIONAL 72.560 33.087 39.473 329.146 152.225 176.921


Second-hand dwellings continued leading the demand in 2013, with 53,75%, followed by new free-market dwellings, 41%, and new subsidized dwellings, 5,25%

Distribution of registered residential

property sales.

Absolute numbers (%)

Quarterly Annually

AUTONOMOUS COMMUNITIES New free-market

New protected

Second-hand

New free-market

New protected

Second-hand

ANDALUSIA 45,98 % 2,47 % 51,55 % 46,53 % 4,05 % 49,42 %ARAGON 28,50 % 3,70 % 67,80 % 26,65 % 7,61 % 65,74 %ASTURIAS 38,14 % 10,58 % 51,28 % 42,63 % 7,73 % 49,64 %

BALEARIC ISLANDS 47,40 % 0,41 % 52,19 % 47,08 % 0,43 % 52,49 %CANARY ISLAND 51,70 % 1,71 % 46,59 % 54,64 % 2,12 % 43,24 %

CANTABRIA 51,39 % 3,78 % 44,83 % 46,42 % 5,02 % 48,56 %CASTILE AND LEON 37,09 % 4,49 % 58,42 % 40,28 % 5,61 % 54,11 %

CASTILE-LA MANCHA 43,61 % 2,23 % 54,16 % 45,78 % 5,65 % 48,57 %CATALONIA 31,49 % 1,85 % 66,66 % 30,79 % 2,24 % 66,97 %

COMMUNITY OF MADRID 26,91 % 24,16 % 48,93 % 33,80 % 11,12 % 55,08 %COMMUNITY OF VALENCIANA 42,51 % 2,11 % 55,38 % 44,22 % 2,48 % 53,30 %

EXTREMADURA 24,40 % 13,96 % 61,64 % 24,25 % 20,66 % 55,09 %GALICIA 59,49 % 2,15 % 38,36 % 57,64 % 2,21 % 40,15 %LA RIOJA 39,10 % 5,82 % 55,08 % 51,52 % 4,68 % 43,80 %MURCIA 48,33 % 1,82 % 49,85 % 49,14 % 2,45 % 48,41 %

NAVARRA 33,70 % 13,81 % 52,49 % 31,66 % 10,79 % 57,55 %BASQUE COUNTRY 26,98 % 5,38 % 67,64 % 26,85 % 13,90 % 59,25 %

NATIONAL 39,28 % 6,32 % 54,40 % 41,00 % 5,25 % 53,75 %


Foreigners housing demand continued “in crescendo” and represented 12,85% of the total registered.


8,97%

8,29%

5,85%

4,24% 4,45%

6,04%

8,12%8,63%

11,22%

12,16%

12,85%

0%

2%

4%

6%

8%

10%

12%

14%

2006 2007 2008 2009 2010 2011 2012 1T 2013 2T 2013 3T 2013 4T 2013

Purchase of dwellings by foreign (%)

United Kingdom continues at the head, with 15,10% of the total number of foreigners, followed by France (9,84%) and Russia (8,58%).

Nacionalities % % s/foreignersUnited Kingdom 1,68% 15,10%

France 1,10% 9,84%

Russia 0,96% 8,58%

Belgium 0,81% 7,26%

Germany 0,78% 7,01%

Sweden 0,63% 5,63%

Norway 0,59% 5,27%

Italy 0,41% 3,65%

Algeria 0,36% 3,23%

China 0,34% 3,06%

Holland 0,29% 2,62%

Morocco 0,26% 2,29%

Rumania 0,25% 2,22%

Luxemburg 0,16% 1,46%

Switzerland 0,15% 1,32%

Ukrania 0,15% 1,32%

Denmark 0,14% 1,29%

Finland 0,13% 1,21%

Poland 0,11% 0,94%

Rest 1,86% 16,71%

Foreigners 11,15% 100,00%

Nationals 88,85%

TOTAL 100,00%

Registered residential property sales according to purchaser’snationality. 2013 (%)


Mortgage lending contracted for residential property purchases (€)

The average mortgage amount in 2013 was 100.841 €, historic low, bu slightly increased in the 4th quarter, at 104.487 €.


Effective interest rates remained stable, with an annual average of 4,02% and an average of 4,06% in the 4th quarter.

INTEREST RATE AMOUNTS INITIALLY CONTRACTED FOR THE NEW MORTGAGE LENDINGS

Autonomous Communities Quarterly Annually

ANDALUSIA 4,12 % 4,08 %ARAGON 4,21 % 4,02 %ASTURIAS 3,91 % 4,12 %BALEARIC ISLANDS 4,43 % 4,37 %CANARY ISLANDS 4,21 % 4,06 %CANTABRIA 3,97 % 3,95 %CASTILE AND LEON 4,04 % 3,93 %CASTILE-LA MANCHA 3,88 % 3,94 %CATALONIA 4,02 % 4,10 %COMMUNITY OF MADRID 3,94 % 3,63 %COMMUNITY OF VALENCIANA 4,16 % 4,14 %EXTREMADURA 4,06 % 4,17 %GALICIA 4,00 % 4,10 %LA RIOJA 4,05 % 3,83 %MURCIA 4,27 % 4,30 %NAVARRA 4,03 % 3,82 %BASQUE COUNTRY 3,89 % 3,95 %NATIONAL 4,06 % 4,02 %


Fixed interest rates remain close to 6%, higher than the traditional percentage, but continue to be marginal with respect to the total. Variable rates continue referenced to EURIBOR.

Reference rates contracted in housing mortgage lending.

Average of contracts


Reference rates contracted in mortgage lending at variable interest rate.

Percentage of contracts over total

FIXED RATES 5,79%

VARIABLE RATES 94,21%

IRPH 3,99%

OTHERS 1,16%

EURIBOR 89,06%

Mortgages are contracted at an average age of 22, reaching an average age of 25 in Madrid, and from an average age of 19 in La Rioja.


La Rioja

Canarias

Com. Valenciana

Murcia

Extremadura

Baleares

Castilla y León

Navarra

Andalucía

Castilla-La Mancha

NACIONAL

Asturias

Cataluña

Aragón

Cantabria

Galicia

Pais Vasco

Com. Madrid

000 005 010 015 020 025 030

019

020

021

021

021

021

021

021

022

022

022

022

023

023

023

023

024

025Duration of mortgage lending on residential property

The average monthly mortgage payment in the 4th quarter, around 600 euros, ranges from 369 € in Extremadura to 985 in Madrid.

Average monthly mortg.age

payment & % with respect to salary

cost

Absolute numbers (according to principal, term and interest rate)

Quarterly Annually

Autonomous Communities

Monthly mortgage payment (€)

% Monthly payment over gross salary (*)

Monthly mortgage payment (€)

% Monthly payment over gross salary (*)

ANDALUSIA 496,29 29,72 % 494,36 29,61 %ARAGON 502,22 28,46 % 529,98 30,03 %ASTURIAS 462,14 25,17 % 490,48 26,72 %BALEARIC ISLANDS 903,31 52,40 % 702,51 40,75 %CANARY ISLANDS 457,38 29,60 % 420,97 27,24 %CANTABRIA 526,57 31,55 % 521,55 31,25 %CASTILE AND LEON 480,79 28,88 % 506,99 30,46 %CASTILE-LA MANCHA 403,60 23,77 % 423,96 24,97 %CATALONIA 644,91 31,84 % 630,83 31,14 %COMMUNITY OF MADRID 985,21 44,63 % 846,45 38,34 %COM. OF VALENCIA 454,05 27,04 % 445,13 26,51 %EXTREMADURA 369,24 24,21 % 393,34 25,79 %GALICIA 452,41 27,76 % 485,81 29,81 %LA RIOJA 460,06 26,36 % 489,47 28,04 %MURCIA 418,06 25,11 % 403,43 24,23 %NAVARRA 737,04 38,19 % 582,41 30,18 %BASQUE COUNTRY 639,00 28,54 % 665,16 29,71 %NATIONAL 594,97 31,79 % 569,40 30,42 %


(*) Fuente INE

In 2006 mortgaged substantially exceeded the number of purchases/sales, in 2013 the situation was reversed.


2006 2007 2008 2009 2010 2011 2012 20130

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

916,103

788,518

561,420

423,114 445,885

370,204330,750 329,146

1,318,745

1,221,742

821,730

634,868593,768

405,634

272,256200,124

Evolution of number of residential property sales and mortgages

Dwellings Mortgage

Thank you for your attention

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Documents

Public Corporation of Land, Movables and Business Registrars