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
- Close to sea
Apartment - Resale
Spain - Alicante / Costa Blanca South - Torrevieja
Ref.: 2302 63m2 2 2 - Close to sea
Apartment - Resale
Spain - Alicante / Costa Blanca South - Torrevieja
Ref.: 1706 48m2 1 1 -
Apartment - Resale
Spain - Alicante / Costa Blanca South - Punta Prima
Ref.: 1634 65m2 2 1 -
Apartment - Resale
Spain - Alicante / Costa Blanca South - Villamartin
Ref.: 1371 74m2 2 2 - Sea view
390.000€379.000€Villa - Resale
Spain - Alicante / Costa Blanca South - Costa Blanca - Orihuela Costa
Ref.: D1768 218m2 4 4 - Sea viewClose to sea
Apartment - Resale
Spain - Alicante / Costa Blanca South - Punta Prima
Ref.: 1536 85m2 3 2 - Sea view
Villa - Resale
Spain - Alicante / Costa Blanca South - San Miguel De Salinas
Ref.: 1357 272m2 5 4 - Close to sea
Commercial Property - Resale
Spain - Alicante / Costa Blanca South - La Zenia
Ref.: N091 100m2 0 0 - Close to sea
Apartment - Resale
Spain - Alicante / Costa Blanca South - Punta Prima
Ref.: 3316 100m2 2 2 -
Semi Detached House - Resale
Spain - Alicante / Costa Blanca South - Orihuela Costa - Orihuela Costa
Ref.: 2601 51m2 1 1 -
Villa - Resale
Spain - Alicante / Costa Blanca South - Algorfa
Ref.: 2307 87m2 3 2 - Sea viewEXCLUSIVEClose to sea
Apartment - Resale
Spain - Alicante / Costa Blanca South - Torrevieja
Ref.: D1730 80m2 3 2 - Close to sea
Villa - Resale
Spain - Alicante / Costa Blanca South - Cabo Roig - Lomas de Cabo Roig
Ref.: 2308 195m2 3 3 -
Apartment - Resale
Spain - Alicante / Costa Blanca South - Los Balcones, Torrevieja - Los Balcones
Ref.: 2309 63m2 2 2 - EXCLUSIVEClose to sea
Apartment - Resale
Spain - Alicante / Costa Blanca South - Punta Prima
Ref.: E2423 70m2 1 1
Latest properties
-
Apartment - Resale
Spain - Alicante / Costa Blanca South - Torrevieja
Ref.: 6188 70m2 3 1 -
Apartment - Resale
Spain - Alicante / Costa Blanca South - La Mata
Ref.: 6187 60m2 2 1 -
Apartment - Resale
Spain - Alicante / Costa Blanca South - Playa Flamenca
Ref.: E1816 68m2 2 1 -
Apartment - Resale
Spain - Alicante / Costa Blanca South - Torrevieja
Ref.: 6186 65m2 3 1 -
Town House - Resale
Spain - Alicante / Costa Blanca South - Playa Flamenca
Ref.: 6185 99m2 2 2 -
Apartment - Resale
Spain - Alicante / Costa Blanca South - Punta Prima
Ref.: E3137 2 1 -
Apartment - New build
Spain - Alicante / Costa Blanca North - Finestrat
Ref.: ON1837 77m2 2 2 -
Apartment - Resale
Spain - Alicante / Costa Blanca South - Playa Flamenca
Ref.: 6184 52m2 2 1 -
Apartment - Resale
Spain - Alicante / Costa Blanca South - Campoamor Golf
Ref.: 1833 96m2 2 2