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32% Spanish Paid Cash for Home Purchase in 2014

As per a recent survey 32% of the people of Spain who purchased a property in 2014 paid in cash, 62% arranged mortgage financing and the remaining 6% paid through other forms of financing (gifts, loans or inheritances).

35 to 44 years age group invested most in housing in Spain in 2014 (38%), followed by 25 to 34 years age group (26%) and 45 to 54 years age group (24).

56% of the people of Spain who purchased a property in 2014 were married, 35% were single and 7% were either divorced or separated. 88% of buyers are presently working (15% in public administration, 18% in IT and telecommunications, education and training and 7% in health and welfare), 6% are jobless but getting unemployment benefits and 6% are jobless without getting unemployment benefits.

On average an amount of 246,000 euros was invested by people who purchased a home last year, an amount of 142,000 euros was invested by people who bought an apartment last year and an amount of 333,000 euros was invested by people who bought a townhouse.

In 2014, between 45 and 54 years old spent 204,984 euros per transaction, between 35 and 44 years old spent 189,609 euros per transaction and between 25 to 34 years old spent 175,456 euros per transaction.

In 2014, 14% earned between 24,000 and 30,000 euros, 13% earned between 18,000 and 24,000 euros and 11% earned between 30,000 and 36,000 euros.