Thursday, July 16, 2020
Home Residential Mortgage Sign...

Mortgage Signings Fall by 18.4% in April to Return to 2017 Levels

23,840 mortgages were signed in April 2020, down by 18.4% compared to the same month in 2019 and the lowest April figure since 2017, according to the National Institute of Statistics (INE).

The knock-on effects of the economic crisis triggered by the global shutdown due to the coronavirus pandemic are continuing. In total, 23,840 mortgages were constituted over homes during April 2020, down by 18.4% compared to April 2019; the average amount loaned also fell, to 125,338 euros, which represented a decrease of 1.2%.

In monthly terms (April vs March), the number of residential mortgages decreased by 9.6%, whilst the capital loaned for this type of mortgage also decreased in monthly terms, by 11.4%, as reported by the National Institute of Statistics (INE) on Friday. This is the largest monthly April decrease since 2017.

Read the full article in Spanish.


Rental Prices Fell by 10% in Madrid and Barcelona During the State of Emergency

During the lockdown, residential rental prices in Spain decreased by 4.9% on average, with the large cities recording the greatest falls.

House Prices in Madrid Rise by More Than 45% in Five Years

The average home cost 295,927 euros in the Spanish capital at the end of March, compared to 165,280 euros on average in Spain.

How Much Does it Cost to Rent a Home in Your Area According to the Government’s Statistics?

The map prepared by Brains RE using data from the Ministry of Development's index reveals the rental prices in each municipality in Spain; and they vary quite a lot compared to other indicators.

Where are the Most Expensive Homes in Spain?

25 Spanish towns registered house sales costing more than 3,300 euros per square metre during the first quarter, including eight municipalities in the Balearic Islands.

Latest news

Perial Asset Management Buys an Office Building in the 22@ District

Perial Asset Management has acquired a 3,520 m2 building in the 22 @ district for €14.5 million, which it has pre-leased for one of its funds, SCPI PFO2.

Santander, Sabadell and CaixaBank Put Loans Worth €4.4 Billion Up For Sale

The three financial institutions are reactivating the market for the sale of toxic assets following the shutdown due to coronavirus.

Madrid Relaunches the ‘Ciudad de la Justicia’ with the Opening of its First Building in October

Yesterday, the Community of Madrid's Ministry of Justice awarded the tender for the work to complete the Forensic Anatomical Institute and reactivate the unification of the judicial offices in Valdebebas.

Spaniards Go From Spending 28% of Their Salaries on Rent to 40% in 5 Years

According to the study entitled 'Ratio of wages and rental costs in 2019' by Fotocasa and Infojobs, the average Spaniard spent 40% of their income on rent last year, up by six points compared to 2018 (34%).