The issuance of mortgages grew by 57.7% in September, compared to the same month the previous year. According to the INE, a total of 42,547 loans linked to real estate were granted.
The average loan was 143,831 euros, an increase of 7%. The total amount of all these mortgages reached 8.137 billion euros. Housing accounted for 73.5% of all applications (42,547 loans), with an aggregate of 6.1196 billion euros.
The average interest rate was 2.5%, with a duration of 24 years. Applicants largely chose fixed-rate mortgages (62.4%), compared to 37.6% who chose variable interest rates. Currently, variable-rate mortgages have an average interest rate of 2.15%, while the rate for fixed mortgages stands at 2.77%.