Fixed interest leads mortgages in the third quarter in Spain, according to Trioteca – Forbes Spain

BARCELONA, 9 (EUROPA PRESS)

Interest has become the “total protagonist” of the mortgages signed by the Spanish in the third quarter of 2024, according to a report from the Trioteca Research Center.

In August, fixed rate mortgages stood at 68.3% compared to 31.7% for mixed mortgages, and in September this difference is even greater, with the mixed rate reduced to 12.5% ​​and the based dominating the market, with 85.7% of total, report those responsible for the report.

“We have learned from our mistakes and have chosen safety. With Euribor declining, families are still choosing to renegotiate their mortgage to change to the fixed rate,” explained Trioteca’s general director, Ricard Garriga.

He also said “with a difference in variable mortgages of around 1%, added to the Euribor which is around 3%, variable mortgages today pay 4%” and with the change to a fixed extent, the savings are still very significant.

According to data from the company, which specializes in finding and contracting mortgages, the reduction in interest rates has led to a “significant increase in house prices”, which showed a growth of 14.2% in interannual terms in those three months.