Mortgages on homes rise 29.1% in August and chained four months of hikes
The number of mortgages constituted on houses inscribed in the registries of the property stood at 26.583 last August, 29.1% higher than the same month of 2016
The number of mortgages constituted on houses inscribed in the registries of the property stood at 26.583 last August, 29.1% higher than the same month of 2016
This year-on-year rally, which accumulates four consecutive months of increases, is slightly lower than that experienced in July, when mortgaged homes increased by 32.9%.
The average amount of mortgages on housing grew by 0.7% compared to August 2016, to 111,488 euros, while borrowed capital rose 30% year on year, to stand at 2,963.6 million euros.
In monthly rate (August on July), mortgages on housing increased by 6.9%, while borrowed capital fell by 0.3%.
The average interest rate for mortgage loans on housing reached 2.77% last August, compared to 3.24% in the same month of 2016, with an average term of 23 years. 59.6% of mortgages on housing were made at a variable rate, in contrast to the 40.4% that was signed at a fixed rate. The latter have increased by 55.4% in the annual rate.
For mortgages on variable-rate homes, the average interest rate at the beginning was 2.58%, compared to 3.16% for fixed rate mortgages. In both cases, the rates were lower than those registered in August 2016.
- Featured news
-
En aFinance participamos en el Evento ‘Comunicación Eficaz’ en Roca Barcelona GalleryMay 29th 2024
-
Incorporamos a Carlos Martín como nuevo Director de nuestra oficina de Barcelona en aFinanceSeptember 19th 2024
-
Las finanzas bajo el foco con nuestro Director NacionalSeptember 12th 2024
-
En aFinance, nos complace anunciar la incorporación de Patricia Marqués como Coach EjecutivaMay 31st 2024
-
En aFinance hemos superado los 1.150 millones de euros en valor de transacciones durante 2023May 3rd 2024