News: Mortgages in Spain up 29% in August

Back
Mortgages in Spain up 29% in August

According to the report issued by the Spanish Office of National Statistics, the number of mortgage loans registered on residential property in Spain increased by 29% to 26,583 last August compared to the same month last year.

This means that more credit is being extended to house buyers in all Spanish regions this year.

The average loan amounted to 111,480 euros, which represents a 0.7% year-on-year rise, while the total loan capital also increased by 30% to 2,96 million euros. 62% of the mortgages constituted last August used a variable interest rate, as opposed to 38% of fixed rate.

The signing of mortgages on homes increased in all regions in Spain, while the biggest increases occurred in Andalusia, Madrid and Catalonia.

These figures confirm the fact that the banks in Spain are now more confident to make credit more freely available. For these and many other reasons, now is the right time to buy property on the Costa Blanca.

See property for sale in Orihuela Costa

See property for sale in Torrevieja

27 Oct 2017


Featured Properties

Latest News

What you need to know to create a library at home
26 Nov 2018

What you need to know to create a library at home

We are in a world in which the Internet has superseded the reading of physical books and having a real library at home is a treasure. Not everyone has a room in their house that can be used...

Read more +

7 reasons to rent villas in Costa Blanca, Spain
19 Nov 2018

7 reasons to rent villas in Costa Blanca, Spain

The Costa Blanca is one of the main tourist destinations in Spain and this responds to many reasons, which makes renting Costa Blanca property to spend a season is a fantastic idea, but... why?...

Read more +

What clients say

© 2019 Estyle Spain ● legalPrivacyWeb MapSold properties
CALL ME BACK

SUSCRIBE TO OUR NEWSLETTER