The rise in interest rates and the consequent rise in mortgage prices, as a result of strong inflation, occur in all autonomous communities in a period of sustained growth in the number of loans for the purchase of housing as collateral, of which 54%. inside Andalusia, Catalonia and Madrid.
It was signed in Spain in the first seven months of this year, according to data from the National Institute of Statistics (INE). 272,373 residential mortgages14.78% more than the same period of the previous year before the pandemic and 19.51% more than the same months of 2019.
Only 24.6% of total mortgages were created at a variable rate, five percentage points less than last January, again according to INE’s data for last July, and these are the ones that will be affected by the rate hike. form an increase in your monthly salary.
Increased 40% in three years
The revival of the real estate market and the consequent increase in housing prices in recent years means that the total amount of debt taken on these mortgages has increased by 39,534 million euros: 23.22% compared to the first seven months of 2021 and 40.55 before covid compared to that period in 2019.
In the last five years (compared to 2017), mortgages signed for the purchase of housing grew by 47.18% and the total amount increased by 84.38%, figures for Castilla-La Mancha (73.73% and 104.65% respectively), Murcia (69.31% and 98.24%), La Rioja (68%) .33 and 99.25%), Cantabria (66.84% and 94.19%) and Catalonia (59.23% and 95.66%).
Where both numbers rise the least Balearic Islands (6.06% of pledged mortgages and 59.27% of total amounts), Canary Islands (14.27% and 56.97%, respectively), Navarre (21.12% vs. 49.41%), Basque Country (35.47% vs. 64.16%), Asturias (35.63% vs. 59.18%) and Aragon (39.30% vs. 59.11%).
More mortgages in Andalusia, higher amount in Madrid
Andalusia Community with the most residential mortgages in the first seven months of the year, 52,625 (17.96% of the total) Cataloniawith 47,955 (16.19%), MadridWith 46,497 (17.07%) and further away, the Commonwealth of Valencia with 30,569 (10.69%) and the Basque Country with 13,696 (4.59%).
this house price differences Changing the order of this list in terms of the amount of mortgages signed this year is Madrid with 9,934 million euros (25.3% of the total), followed by Catalonia with 8,234 million (20.83%); Andalusia, 6,536 million (16.53%); Valencian Community with 3.167 million (8.01%); and the Basque Country with 2.185 million (5.53%).
Regarding the population, more mortgages were signed Madrid (69 per 10,000 people), Rioja (65), Basque Country (63), Catalonia and Andalusia (62), and the Community of Valencia and Cantabria (60), all above average.
If on the opposite side Galicia (34 per 100,000 people), Canary Islands (40), Estremadura (44), Navarra (45), Asturias and Castilla y León (47), Murcia (53), Balearic Islands (54), Castilla-La Mancha (55) and Aragón (56).
highest mortgage By July it corresponds to the Balearic Islands (226,261 Euros), Madrid (213,656), Catalonia (171,722 and the Basque Country (159,579) and the smallest of Extremadura (84,814 Euros), Murcia (90,488), La Rioja (101,058) and Castilla. – La Mancha (101,210 Euros)
Next frame It adds up the number of mortgages on residences created by the autonomous communities in the first seven months of the year, the percentage of the national total and the rate per 10,000 inhabitants, as well as the amount subscribed (in euros), the percentage. of the total and average amount (in euros):
Mortgage Amount
% of total per 10,000 people from January to July 2022. % of January-July 2022 total Average
Andalusia 52.625 19.32 62 6.536.46 16.53 124.208
Aragon 7.305 2.68 56 845.71 2.14 115.772
Asturias 4,732 1.74 47 511.88 1.29 108,175
Balearic Islands 6,579 2.42 54 1,488.57 3.77 226,261
Canary Islands 8.937 3.28 40 1.007.34 2.55 112.716
Cantabrian 3.497 1.28 60 411.52 1.04 117.680
C and Leon 11.287 4.14 47 1.185.84 3.00 105.063
C.-La Mancha 11.270 4.14 55 1.140.63 2.89 101.210
Catalonia 47.955 17.61 62 8.234.92 20.83 171.722
Valencia C. 30,569 11.22 60 3,167.67 8.01 103,624
Estremadura 4,616 1.69 44 391.50 0.99 84,814
Galicia 9.275 3.41 34 1,101.25 2.79 118,734
Madrid 46,497 17.07 69 9,934.38 25.13 213,656
Murcia 7,995 2.94 53 723.45 1.83 90,488
Navarre 2.959 1.09 45 387.76 0.98 131,046
Basque Country 13,696 5.03 63 2,185,58 5,53 159,579
Rioja, The 2.062 0.76 65 208.38 0.53 101.058
Ceuta 214 0.08 26 28.19 0.07 131,729
melilla 303 0.11 36 42.91 0.11 141.627
Total 272.373 100.00 57 39.534.02 100.00 145.147