News: Home mortgage loans in Spain increased by 34.1% in May
According to the latest data from the National Institute of Statistics (INE), a total of 26,579 home mortgages were taken out in May, for which the banks loaned 2,776.9 million euros, 33.1% more than a year earlier and 8.6% more than in April 2016.
The average value of these mortgage loans stood at 104,480 euros, which represents a slight decline compared to May 2015.
As for the interest rates used on mortgages, the INE figures show that more and more people applying for loans are opting for fixed rates, almost 20% this month, while 80.4% still choose the variable rate, compared to 85.2% who did so in April and 87.6% in March.
The Euribor remains the major type of reference, as it was used in 93.8% of the contracts.
By regions, Andalusia, Catalonia and Madrid are the places where more home mortgages were signed in April.
If you are looking to buy property on the Costa Blanca, talk to us today! We can help you every step of the way.
Featured Properties
- BEACH SIDE
Apartment - Resale
Spain - Alicante / Costa Blanca South - Playa Flamenca
Ref.: 1753 84m2 2 2 -
Apartment - Resale
Spain - Alicante / Costa Blanca South - Punta Prima
Ref.: 1369 85m2 2 1 -
Apartment - Resale
Spain - Alicante / Costa Blanca South - Punta Prima
Ref.: 1634 65m2 2 1 - Sea viewEXCLUSIVEBEACH SIDE
350.000€346.899€Apartment - Resale
Spain - Alicante / Costa Blanca South - Punta Prima
Ref.: D1798 119m2 2 2 - EXCLUSIVEBEACH SIDE
Town House - Resale
Spain - Alicante / Costa Blanca South - Punta Prima
Ref.: E2363 72m2 3 2 - EXCLUSIVEBEACH SIDE
Apartment - Resale
Spain - Alicante / Costa Blanca South - Pilar de La Horadada
Ref.: E3771 65m2 2 2 - Sea view
Villa - Resale
Spain - Alicante / Costa Blanca South - San Miguel De Salinas
Ref.: 1357 272m2 5 4 - Sea viewBEACH SIDE
Apartment - Resale
Spain - Alicante / Costa Blanca South - Punta Prima
Ref.: 1629 95m2 2 2 - EXCLUSIVE
Semi Detached House - Resale
Spain - Alicante / Costa Blanca South - Torrevieja - Los Balcones
Ref.: D3539 95m2 3 2 -
Apartment - Resale
Spain - Alicante / Costa Blanca South - Los Balcones, Torrevieja - Los Balcones
Ref.: 1309 32m2 1 1 - Sea viewEXCLUSIVEBEACH SIDE
Apartment - Resale
Spain - Alicante / Costa Blanca South - Punta Prima
Ref.: E2360 70m2 1 1 - Sea viewBEACH SIDE
425.000€398.000€Semi Detached House - Resale
Spain - Alicante / Costa Blanca South - Punta Prima
Ref.: E1699 350m2 5 4 - Sea viewEXCLUSIVEBEACH SIDE
Apartment - Resale
Spain - Alicante / Costa Blanca South - Punta Prima - La Ciñuelica
Ref.: E3234 69m2 2 1 - Sea viewBEACH SIDE
Apartment - Resale
Spain - Alicante / Costa Blanca South - Punta Prima
Ref.: 1358 60m2 2 1 -
Villa - Resale
Spain - Alicante / Costa Blanca South - Villamartin
Ref.: 1632 106m2 3 2
Latest properties
-
Apartment - Resale
Spain - Alicante / Costa Blanca South - Torrevieja
Ref.: E1812 78m2 2 1 -
Apartment - Resale
Spain - Alicante / Costa Blanca South - Punta Prima
Ref.: 1369 85m2 2 1 -
Apartment - Resale
Spain - Alicante / Costa Blanca South - Punta Prima
Ref.: 1634 65m2 2 1 -
Villa - Resale
Spain - Alicante / Costa Blanca South - Villamartin
Ref.: 1632 106m2 3 2 -
Apartment - Resale
Spain - Alicante / Costa Blanca South - Punta Prima - La Ciñuelica
Ref.: E3234 69m2 2 1 -
Penthouse - Resale
Spain - Alicante / Costa Blanca South - Torrevieja
Ref.: 6168 100m2 3 2 -
Villa - Resale
Spain - Alicante / Costa Blanca South - Cabo Roig
Ref.: 6167 440m2 5 5 -
Town House - Resale
Spain - Alicante / Costa Blanca South - Los Altos
Ref.: 6166 46m2 3 2 -
Apartment - Resale
Spain - Alicante / Costa Blanca South - Punta Prima
Ref.: 1368 71m2 2 1