/cloudfront-eu-central-1.images.arcpublishing.com/larazon/FCGPWTPFDRFT5DDULTMKQ34K6A.jpg "The mortgage company grows by 45.9% in Madrid and takes the lead in all of Spain")
The number of Mortgages established on houses in the Community of Madrid increased by 11.5% last September compared to the same month of 2021, up to 8,836 loans, according to data released this Wednesday by the National Institute of Statistics (INE). Compared to the month of August, the number of mortgaged homes grew by 45.9% in the Madrid region.
Secondly, Mortgage loans amounted to 1,645 million euros for the constitution of mortgages on homes in the month of September. In particular, this represents 22.3% more capital lent than in the same month of the previous year, but a decrease of 2.8% if the monthly change is taken into account.
Considering the total of properties, a total of 10,938 mortgages on properties were established, investing a capital of 2,299 million euros. Of these, six were on rustic farms and 10,932 on urban farms.
Of the 10,932 mortgages granted on urban properties in September in the Community of Madrid, 8,836 were for homes; 60 in lots and 2,036 in another type.
For autonomous communities, those with the highest number of mortgages established on homes in September are the Comunidad de Madrid (8,836), Andalucía (7,769) and Cataluña (7,683).
The communities in which the most capital is lent for the constitution of housing loans are Comunidad de Madrid (1,645.2 million euros), Cataluña (1,289.2 million) and Andalucía (979.1 million).
Data throughout Spain
Nationwide, the number of mortgages issued on homes increased by 4% last September compared to the same month of 2021, up to 44,119 loans, the highest number in a month of September since 2010, when more than 53,000 mortgages were signed.
With September’s year-over-year increase more than six points lower than it posted in August, the home loan company chained 19 consecutive months of year-over-year increases.
The average amount of home mortgages decreased by 1.4% on an annual basis in the ninth month of the year, to 143,222 euros, while the loaned capital grew by 4.6%, to 6,318.8 million euros .
In September, the average rate of all mortgages stood at 2.59%, with an average duration of 23 years. In the case of homes, the average interest was 2.47%, lower than the 2.48% of a year earlier, with an average duration of 24 years.
31.8% of home loans were taken out at a variable rate last September, while 68.2% were taken out at a fixed rate, the lowest percentage since December 2021. The average interest rate at the beginning was ‘1.96% for variable rate home loans and 2.70% for fixed rate ones.
