/cloudfront-eu-central-1.images.arcpublishing.com/larazon/CTO5SRR65FDQVJCWPTQII7BVQY.jpg "The mortgage already requires one in four euros of salary in Castilla y León")
Right now, Castilians and Leonesi now have to allocate a quarter of their land every month to pay the mortgagealthough the increase in interest rates comes from the new monetary policy of the European Central Bank will increase this percentage, unless compensated by an increase in salary. On average, the home loan represents a monthly payment of 470.9 euros, even if its increase begins to reach the pockets of citizens.
Accessibility of housing will be complicated for the rest of the year, According to forecasts managed by the Association of Property and Mercantile Registrars of Spain, which in its latest bulletin, corresponding to the second quarter of the year, already predicted that salaries would not increase enough to compensate for the increase in mortgages, at a time when 12-month Euribor, main indicator, it went from negative ground to over two percent.
Likewise, the average mortgage rate should maintain the upward trend in the coming quarters, under the pressure of rising interest rates and possibly mortgage debt due to rising house prices. Everything, the chancellors insist in their report, will lead to a worsening of the chances of acquiring a home.
However, The data indicate that the scenario in Castilla y León is more positive than in the country as a whole and, above all, in the richer territories. In fact, the margin that the citizens of the Community have in the face of the increase in mortgages is higher than the Spanish average. On the one hand, while this payment requires 25 percent of the salary for Castilians and Leonese, on average in Spain it exceeds 31 percent, according to data provided by Ical.
Indeed, Castilla y León is the fourth autonomy with a lower percentage of mortgage payment As for the cost of wages, together with the Region of Murcia (22.4 per cent), the Principality of Asturias (23.4 per cent) and Extremadura (24.1 per cent). On the other hand, with the greatest efforts are the Balearic Islands (54.2 per cent), the Community of Madrid (37.6 per cent), La Rioja (34.6 per cent) and Catalonia (32.9 per cent). ).
The mortgage payment paid in Castilla y León is also among the lowest in the country. The Community’s 470 euros contrast with Spain’s 635.8 euros on average, about 165 euros less. The largest amounts are found in the Balearic Islands (€ 1,018.1), the Community of Madrid (€ 931.9), Catalonia (€ 722.5) and the Basque Country (€ 675.8), while the average amounts are more low correspond to Extremadura (392.3 euros), the Region of Murcia (407.7 euros) and Castilla-La Mancha (460.4 euros).
Evolution
The the share of mortgages fell by 1.9 per cent in the second quarter compared to the first in Castilla y León, while it increased on average by 0.4% in Spain. Furthermore, the percentage of salary devoted to this concept was reduced between April and June by 0.68 percent, well above the 0.26 percent that fell in the country as a whole.
Specific, 13 autonomous communities increased their average monthly mortgage payment during the last quarter, leading to reductions in four of them. For its part, in seven autonomous communities the percentage of the mortgage payment compared to the cost of the salary increased, giving rise to reductions in nine, maintaining the results in one case.
However, in the the inter-year change recorded a 5.8 percent increase in mortgages in Castilla y León, two points above the national average, where the increase was 3.8 percent, according to data from the College of Registrars. Along the same lines, the wage rate requested for this loan increased by 18 tenths, while in Spain there was a reduction of 1.03 percentage points.
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