The mortgage firm in August still rose 10.5%, with 36,721 loans

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The number of mortgages constituted on dwellings in Spain stood at 36,721 last Augusta 10.5% more that in the same month of 2021, with which it adds 18 months up, according to data published this Wednesday by the National Institute of Statistics (INE). The average amount of these mortgages was 145,287 euros, 5.4% more than a year before, and the borrowed capital reached 5.33 million euros, 16.4% more than in August 2021.

As far as the average amount of mortgages on the total number of farms registered in the property registers in August (from public deeds carried out previously), it was 154,679 euros, 1.5% above a year earlier but 4% below that of July.

By nature of the farm, Mortgages constituted on dwellings accounted for 71.8% of the total capital loaned, reaching 7,248.3 million euros, 12.7% more than in August 2021; in housing, the loaned capital stood at 5,335.1 million, which represents an annual increase of 16.4%.

As for the interest ratesfor mortgages on dwellings, the average rate was 2.52%, and the average term was 24 years; 28.1% of home mortgages were constituted at a variable rate and 71.9% at a fixed rate. For mortgages constituted on all properties in August, the average interest rate at the beginning was 2.67% and the average term was 23 years; 30.6% of mortgages are at a variable interest rate and 69.4% at a fixed rate.

Breaking down the data by Autonomous Community, those with the highest number of mortgages on homes in August were Andalusia (7,670), Catalonia (6,208) and the Madrid’s community (6,058).

Source: lainformacion.com

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