The number of mortgages made on homes in Spain stood at 36,721 last August, 10.5% more than in the same month of 2021, which adds 18 months to the increase and has increased by 2.2% since July. Since 2010, the year in which more than 50,000 mortgages were signed, no higher figure was known, according to data announced Wednesday by the National Statistical Institute (INE).
The August increase maintains a difference of over eight points with the month of Julythat is activated 18 months of consecutive year-over-year promotions relating to the underwriting of mortgages.
It stands out that compared to the fact that the average amount of home loans has increased by 5.4% year on year in the eighth month of the year, with 144,287 euros, the borrowed capital grew by 16.4% to 5,335 million euros.
During this period of the year, the percentage with respect to the fixed rate was also changed. While 28.1% of home loans were variable rate, 71.9% was signed at a fixed rate, resulting in the lowest percentage since January. Furthermore, the average initial interest rate was 2.09% for the variable rate and 2.71% for those who opted for the fixed rate.
The increase of the Autonomous Communities
Among the Autonomous Communities that have a higher number of the mortgages established on housing in August 2022 are Andalusia (7,670), Catalonia (6,208) and Madrid (6,058).
On the other hand, the regions they have larger loan of capital for the formalization of mortgages were Madrid (1,245 million euros), Catalonia (1,027.2 million) and Andalusia (948.4 million).
While more home loans were closed in 13 municipalities in August than in the same month in 2021, four registered annual dropss: Murcia (-19.4%), Navarra (-14.3%), La Rioja (-9.1%) and Extremadura (-4.6%). The growths Higherinstead, it occurred in the Balearic Islands (+ 37.1%), in the Canary Islands (+ 35.6%) and in Asturias (+ 29.8%).
Increase in the number of mortgaged properties
S rustic and urban mortgages also varied during the month of August. As indicated by INE data, the number of mortgages increased by 11% compared to 2021, reaching a total of 48,022 loans.
The average amount of mortgages on the total of farms registered in the real estate registers in August was 154,679 euros, a 1.5% above compared to a year earlier but 4% less than in July.
