Impact of interest rates: where is Euribor headed
In May, the market for mortgages tied to residences continued to grow, with the overall number increasing by 24.7 percent from the same month in the previous year, rising to a total of 44,165 new credits. This upturn reflects a sustained demand for home financing as property markets show resilience in several regions. Analysts note that such year-over-year gains align with longer cycles of housing activity and the gradual normalization of lending conditions after earlier disruptions. Source: National Institute of Statistics.
As May unfolds, a residential mortgage firm has recorded fifteen consecutive annual increases, according to data released this Friday by the National Institute of Statistics. The trend underscores a steady appetite for debt tied to home purchases, with lenders reporting more approvals and borrowers securing financing at favorable terms in the spring period. Source: National Institute of Statistics.
The average mortgage amount for residences rose by 11.9 percent year over year in May, while the capital borrowed climbed 39.6 percent to 6,592.1 million, reaching an average loan value of 149,261. Such figures illustrate a broad expansion in the scale of mortgage lending and the borrowing capacity of households seeking to acquire homes. Source: National Institute of Statistics.
— Across autonomous communities, Catalonia led the activity with 8,354 mortgages on residences in May, followed by Andalusia with 7,604 and Madrid with 7,480. These regional patterns highlight where demand for home financing was most pronounced during the month. Intermonthly data show that from April to May, residential mortgages rose by 32.1 percent, and borrowed capital increased by 38.6 percent, signaling a strong short-term momentum in loan issuance. Source: National Institute of Statistics.
Market observers point to the influence of prevailing interest rate expectations on mortgage dynamics. As lenders monitor rate trajectories, potential borrowers weigh current terms against projected movements in Euribor, which can affect monthly payments and total financing costs. The data for May suggests that households continued to take advantage of favorable borrowing conditions, even as rates fluctuate. Source: National Institute of Statistics.