Average 37 years, seven years of work experience and a permanent job, digital mortgage In Spain, in most cases they decide to buy as a couple or with a second owner to cover the costs. This is evident from a survey of over 7,300 users who went to this platform to search for mortgages by comparison tool and mortgage consultant iAhorro.
“The biggest downside to buying is having enough savings to pay for the ticket, so approx. 20-30% of house priceSimone Colombelli, director of Mortgages at iAhorro, admits, “For the bank to give you the mortgage. Also, the monthly net income provided by the average digital mortgage holder does not exceed 2,500 euros, this amount is added by two salaries if the house is bought between two houses. Spokesperson for the mortgage comparator “Being able to pay the mortgage easily is a requirement for the financial institution when it comes to giving you a mortgage, or they may reject you,” he adds.
In addition, with the rapid increase in house prices especially in the capitals, we see that the average house price sought by the iAhorro survey respondents is around approx. 265.300 € and the average mortgage amount is just over 180,000 Euros. Therefore, the digital mortgage holder typically contributes around €65,600 to pay the down payment (30% of the purchase value) and the costs (10-15% more) to buy and sell and manage the mortgage, to ensure that the bank sees the transaction is viable. .
“Most of our users 62.75% buys in pairs, especially if the operation is carried out in cities such as Madrid or Barcelona, where access to housing is very difficult due to high market prices. When buying as a pair, you split the costs in half, both the purchase and sale costs and the formalization of the mortgage, as well as the monthly installment: it is not the same as paying a 1,000 Euro mortgage alone. pays 500 euros each,” explains Simone Colombelli.
40% of mortgage holders lived before the lease
to the question: Where did you reside before signing your mortgage? The most repeated answer is “in the rental house”. More than 37% of respondents surveyed by iAhorro confirm that they are residing in someone else’s home as a tenant. Likewise, 20.48% said they lived in “a family home” before deciding to buy theirs. Of course, it should be taken into account that among the respondents there are also those who are looking for a mortgage for a second home or simply change the terms of an existing mortgage loan and guarantee that 30.54% live in “one house”. still mortgaged” and another 5.34% admit to residing in their “own unencumbered home”.
As for the average age of those surveyed and contacted iAhorro this first quarter of the year, if we break them down by age place of residence, we see that the average age of the current residents is 36.9; Average 36.2 years for those living in the family home and 36.2 years for those living in the home allocated to them at work. However, the average age rises to 41.3 years for those living in a mortgaged residence, and 44.2 years for those living in their own home without a mortgage.
Madrileños and Barcelonans are top bets on digital mortgages
Most of the more than 7,000 people surveyed by iAhorro were looking for a mortgage. Madrid (33.74%) and Barcelona (17.45%), Therefore, it is in these provinces that the most commitments for online mortgages are made. The speed, ease, and completion of fewer procedures or paperwork is what drives them to process their mortgage, in addition to the fact that they process their mortgages through mortgage comparison tools like iAhorro and in this case all the procedures are free. After them, 10% of users want to mortgage a house in a state of Andalusia and 8.54% in Valencia Region.
When looking at the ages of the users of the comparison tool, the lowest average age among the first mortgage seekers, Castilla-La Mancha, 35.6 years old; and Albacete leads arrangement number of provinces (32 years). they follow him Murcia (35.9 years old) and Castilla y León (36.2 years old). The status of the Community of Madrid is in a staggering fifth with an average age of 36.5; and the region of Catalonia, where first home buyers are on average 36.7 years old, although housing prices in these regions are much higher than in other regions. Extremadura (39.5 years), Cantabria (39.7 years) or Galicia (41.3 years), next in line
when it comes duration In terms of mortgage or repayment period, Extremadura is the most prudent and requires an average of 30 times more than the bank. The average is 24.3 years in Madrid and 22.2 years in Catalonia. Below is the 19.5-year Valencian Community; 19.3-year-old Aragón and an average of 15-year-old Murcia.