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 loans. This was due in part to the increase in loans for the purchase of a residential property which increased by 3.5% to reach 21,698 loans, and also the decrease in loans for other types of property (-8.5%).
In the case of housing, the average capital borrowed was €133,812, representing an annual decrease of 1.8%.
The average amount of the mortgages taken for the purchase of other types of property in November was €136,954. This represents a 2.6% fall year-on-year.
The number of new loans taken to finance construction projects showed an annual decrease of 1.2%, standing at 596 operations, according to figures from the General Council of Notaries. The average amount of these loans reached €523,205, reflecting a year-on-year fall of 8%. The average amount of loans taken for the construction of a residential property fell by 18.7% to €258,880. In this case, there were 462 operations.
The percentage of home purchases which were financed through a mortgage stood at 45.9%. Additionally, in this type of purchase with financing, the average amount of the loan was 76.7% of the property value.
