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Tag Archives: hipotecas

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

Home Mortgage Approvals Up 3.9%

Home Mortgage Approvals Up 3.9%

There were 30,600 new home mortgages approved in June. This represents an increase of 3.9% when compared to June in the previous year. The average amount of the new mortgage loans was 123,896 euros, an increase of 5.1%, according to the latest figures from the INE. The total amount of capital loaned in June reached Continue Reading

Seven out of 10 Buyers Require Financing

15% of buyers had enough savings to buy

Seven out of 10 buyers who purchased a home in Spain in 2017 required bank financing and/or family assistance. In six out of 10 cases, only bank financing was required to complete a purchase. In one out of 10 cases, buyers also required family assistance on top of bank finance to buy their home. These Continue Reading

Used Property Prices Up 2.21% in February

The average price of second-hand housing in Spain in February was 1,574 euros per square metre. This represents a fall of -0.06% compared to January, when the price per unit area was 1,575 euros. When compared to February 2017 the variation was +2.21%. According to Ferran Font, director of studies at pisos.com, “recovery is a Continue Reading

Mortgage Approvals Increased in October

Mortgage Approvals Increased in October

The number of new home mortgage approvals in October was just short of twenty-five thousand (24,706). This is 8.2% more than in the same month in 2016. The average amount of the new mortgages was 120,628 euros, an annual increase of 9.2%. The value of mortgages for urban property reached a massive 4,824.9 million euros. Continue Reading

Spanish Property Market in Good Shape for 2018

Some cities suffer from lack of space for new builds

A report by pisos.com says the good performance of the Spanish property market has been clearly demonstrated by the statistics for 2017 and has continued to move in a positive direction throughout the year. Everything seems to indicate that prices, purchases, mortgages and new construction licences are in a state of stable growth and may Continue Reading