The number of mortgages created on homes increased by 2.3% compared to the same month of 2021 until last July. 35,918 creditsThat’s the highest number in July since 2010, when more than 55,000 mortgages were signed, according to data released this Wednesday by the National Institute of Statistics (INE).
Although the sum of mortgages was marked in July Record number in 12 years, the annual growth rate has moderated in recent months. In fact, the increase in July (+2.3%) is almost ten points lower than in June and the least pronounced increase since February 2021.
However, with the July recovery, home mortgage company chains 17-month consecutive annual increments.
The average mortgage amount on the residences increased by 8.1% in the seventh month of the year compared to the same period of the previous year. 146,445 €Borrowed capital increased by 10.6% to €5,260 million.
More mortgage registrants created by autonomous communities on residences in July 2022, Catalonia (7,102), Andalusia (6,846) and Madrid (5,558).
Likewise, regions where more capital was lent for the establishment of a residential mortgage were also identified. Madrid (1,223.7 million euros), Catalonia (1,186.9 million), and Andalusia (861.1 million).
In eleven communities, more home mortgages were signed and six registered in July than in the same month of 2021. annual declines: Madrid (-16.2%), Canary Islands (-13%), La Rioja (-12.8%), Navarra (-6.6%), Basque Country (-5.3%) and Extremadura (% -5.2).
By contrast, the largest increases occurred in Catalonia (+21%), the Balearic Islands (+19.0%) and Castilla-La Mancha (+10.4). increases from year to year two digits.
Inside first seven months of the year The number of mortgaged houses to buy a house increased by 14.8% and the borrowed capital increased by 23.2%.
New maximum flat rate
At monthly rates (July to June), home mortgages dropped 16%, borrowed capital fell 16.6%. Either way, it’s the biggest drop in July in the last five years.
In the seventh month of the year, the average interest rate of all housing loans was 2.56% on average for 24 years. When it comes to houses, average interest was 2.50%below 2.53% of the previous year with an average maturity of 25 years.
24.6% of residential mortgages last July floating exchange rate, 75.4% signed flat rate, the highest percentage of historical series. Initially, the average interest rate was 2.03% for floating rate home mortgages and 2.68% for fixed rate mortgages.
Farms increased by 2%
According to the data of the statistical institution, the number of housing loans rustic and urban properties (including housing) increased by 2% in July 2022 compared to the same month of 2021, reaching a total of 47,339 loans.
Capital of mortgage loans granted In the seventh month of the year, it increased by 18.8% and exceeded EUR 7,628 million, while the average mortgage amount created on all real estates increased by 16.5% and reached EUR 161,136.
Fewer mortgage terms change
Last July changed the terms of a total of 11,062 mortgages, one figure 56.6% lower It belongs to the same month of 2021.
Given the type of change in circumstances, 8788 candidates (or changes with the same financial institution), down 59.2% year-on-year.
Number of transactions that changed the entity (recourse to creditor) was 1,835, 38.5% less than in July 2021. For its part, mortgaged assets changed ownership (successor to borrower) in 439 mortgages, 54.2% less than a year ago.
25.7% of the 11,062 mortgages whose terms have changed is due to changes in interest rates. After the change in conditions, the fixed rate housing loan rate increased from 22.3% to 49.9%. The rate of floating rate mortgages decreased from 76.3% to 47.2%.
Euribor is the rate at which the highest percentage of floating rate mortgages is referenced, both before the change (69.6%) and after the change (43.4%).
Average interest on loans on fixed rate mortgages, after changing terms decreased by 0.9 points and floating rate mortgages fell half a point.