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Tag Archives: mortgage

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

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

Mortgage Approvals Increased in May

3,647.8 million euros borrowd in May

There were more than 31,000 new mortgage approvals for home purchases in May, 7.3% more than in May 2017. The average amount of those new loans was 117,044 euros, representing an increase of 2.8%. The total capital borrowed for housing, in May, was 3,647.8 million euros, an annual increase of 10.3%, according to the latest Continue Reading

Number of New Mortgages Increased in April

New mortgages up 34.2% in April

There were 27,724 new mortgages for home purchases in April, 34.2% more than in the same month of the previous year. The average amount of the new mortgages was 123,256 euros, according to the latest figures from the INE. The average amount showed an increase of 9.1%. when compared to April 2017. Compared to the Continue Reading

Mortgage Approvals Fell in March

March 2018 mortgage loans avarage

The number of new mortgages approved in March was 26,350. This represents a fall of 5.2%, when compared to the same month in the previous year. The average mortgage amount was 119,783 euros, an annual increase of 4.6%, according to the latest data from the INE. The total value of new mortgages on urban properties Continue Reading

Foreigners Account For 6.9% of Mortgages in 2017

The number of new mortgages registered in 2017 was 310,640, an increase of 10.9% with respect to 2016. The autonomous communities with the highest number of new mortgages were Andalucía (60,026), Comunidad de Madrid (56,866), Cataluña (50,848) and Comunidad Valenciana (32,408). Of all the autonomous communities the number of new mortgages on housing increased with 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

Number of Home Mortgages Fell in November

Number of new mortgages fell in November

The average amount of new mortgages approved in November was 145,769 euros. This is 15.1% higher than in the same month in 2016. This is according to the latest data released by the INE. The number of new mortgages on homes was 24,882. This represents a 3.7% fall compared to the previous year. The average 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