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Category Archives: Mortgage

Significant Increase in New Mortgages in January

January saw a 22.5% increase in new home loans

January saw 36,832 new mortgages approved for the purchase of a home. This is 22.5% more than last January, a significant increase, according to the INE. The average amount of capital borrowed was 121,036 euros, a slight drop of 0.7%. The total amount lent for home purchases reached 4,458 million euros, an annual increase of Continue Reading

Property Prices Up 2.6% in January

The average home loan in January was €135,616

Purchases and sales of homes reached 40,388 transactions in January, a slight year-on-year increase of 0.3%, according to the General Council of Notaries. By type of housing, the sale of apartments showed a year-on-year fall of 1.3%. Meanwhile, transactions for second-hand homes fell by 1.5%, while sales of new property increased by 0.1%. The sale Continue Reading

Home Sales Increased in December, Say Notaries

Home Sales Increased in December, Say Notaries

The number of home sales in December 2018, stood at 51,603 transactions, according to the notaries, reflecting an increase of 1.2%. By type of housing, the sale of flats showed an annual increase of 1.4%. Meanwhile, the sale of single-family homes showed a slight increase of 0.3% year-on-year. In terms of the average price, a Continue Reading

Increase in Home Mortgages in November

21,698 new home loans taken in November

The number of new mortgage loans taken out in November 2018 was 29,709, representing a fall of 1.6% year-on-year. The average amount of capital loaned was €167,486, reflecting an annual decrease of 4.4%. In November, the number of new mortgage loans taken for the acquisition of a property increased by 2.6% year-on-year, to reach 23,181 Continue Reading

Home Sales Increased in October

Home Sales Increased in October

The number of homes sold in October was 49,515, according to the General Council of Notaries. This represents an increase of 8.4% when compared to the same month last year. By type of property, the sales of flats showed an increase of 6.2%, while sales of single-family homes showed an increase of 16.5%, year-on-year. The Continue Reading

Mortgage Interest Rates Fell in September

The number of new mortgage loans taken for homes in September was 32,457, representing a 9.5% annual increase. The average amount of the loans was 148,959 euros, 6.6% higher than in September 2017. The total value of the loans taken for urban property reached 6,365.2 million euros. This represents an increase of 16.7% when compared Continue Reading

Number of New Mortgages Up in August

Number of New Mortgages Up in August

The number of new mortgages taken on homes in August was 28,755, which is 6.8% more than in August 2017. The average amount borrowed was 122,424 euros, representing an increase of 9.8%, according to figures from the INE. The total value of mortgages taken on all urban properties was a massive 5,440 million euros, 11% Continue Reading

More Buyers Taking a Mortgage

More Buyers Taking a Mortgage

Over the last 12 months, the percentage of property buyers who needed a mortgage to purchase a home has increased form 71% in 2017, to 75% in 2018. 64% of those buyers were able to make their purchase with only a mortgage and their own savings, whereas 11% needed bank financing and family support. This Continue Reading

New Home Mortgages Increased in July

New Home Mortgages Increased in July

The total number of new mortgages approved in July was 137,766 euros. This represents a 0.6% fall when compared to the same month in 2017. Of those, 29,287 were mortgages for a home purchase, 14.6% more than July in the previous year. The total borrowed capital reached 5,407.3 million euros, 15.2% more than in the Continue Reading

Property Sees Ups and Downs in July

Property Sees Ups and Downs in July

July has given with one hand and taken with the other, as far as the property market is concerned. According to the General College of Notaries, the number of property sales and the number of new mortgages increased, while the average price decreased. In July, over 52,000 home purchases were recorded (52,014). This represents a Continue Reading