Underwriting of mortgages for the purchase of a house in the province of Teruel increased by 43.45% and 32.7% in the first nine months of the year compared to the same periods of 2021 and 2019, up to 690 transactions, its best record corresponding to that range of months since 2010 (1,040), according to data released Wednesday by the National Institute of Statistics (INE).
The average amount of loans increased by 6.67% on an annual basis, to 94,188 euros, and decreased by 5.48% compared to 2019, while the capital lent by the various entities was close to 65 million euros, on 53 % and 25.4 more than one year and three years ago.
In September alone, 159 home loans were granted in the province of Teruel, the highest monthly figure since June 2010, when there were 234.
According to the main real estate portals, there are many citizens who want to anticipate a further tightening of credit conditions, even if the truth is that until September the increase was slowing down compared to the previous months as a reflection of the rises in interest rates in the dell euro area that started in July and which could also discourage many citizens from getting into debt.
The 690 mortgages on homes established up to September represent 78.32% of the total of mortgages for the purchase of urban properties and 65 million euros, 74.34% of the loaned capital.
cancellations
From January to September, on the other hand, in the province of Turolense a total of 453 mortgage loans were canceled on the house, 35 fewer than in the same period of 2021.
In Spain as a whole, the number of mortgages taken out on homes increased by 4% in September compared to the same month in 2021, for a total of 44,119 mortgages, the highest figure in a month of September since 2010, when more than 53,000 mortgages have been signed.
With September’s year-over-year increase, the home loan company chains 19 consecutive months of year-over-year increases. In the first nine months of the year, the number of mortgages for home purchases increased by 12.9%, while the capital lent increased by 19.8%.
Of the new mortgage production recorded in September, 68.2% of mortgages were taken out with reference to a fixed rate, a percentage that has not been less than 70% since December 2021.
The average interest rate on mortgages granted for the purchase of a house in September was 2.47%.
