The average amount of mortgages in February rises 13.3% year
In January, the average amount of mortgages had risen 16.8 percent on-year to 145,108 euros.
For his part, the average amount per formed on residential mortgage stands at 134,612 euros, a 11.7 per cent more than the same month of 2005.
The value of mortgages constituted on urban estates in excess of 23,338 million euros in January, representing an increase of 25.3 per cent. In homes this amount reaches 15,428 million euros, 26.7 percent more than in January last year.
The savings are the entities that grant greater number of mortgage loans during February (with 51.1 percent of the total), followed by banks (34.8 percent) and other financial institutions (14.1 percent) .
As for the loan, the Savings Bank grants 49.8 percent of the total, 37.3 per cent Banks and other financial institutions 12.9 percent.
The average interest rate on mortgage loans from the savings banks is 3.39 percent and the average period of 25 years.
As for banks, the average rate of mortgage loans is 3.43 percent and the average time 25 years.
97.9 percent of mortgages made in February using a variable interest rate compared to 2.1 percent fixed rate.
The Euribor is the benchmark interest rate used in the formation of mortgages with 83.5 percent of new contracts.
MORTGAGES WITH CHANGES IN ITS TERMS
The total number of mortgages with changes in their conditions was 19,720 in February, representing a growth of 34.5 per cent.
In the case of housing, the number of mortgages that modify its terms rose 35.8 per cent.
Because the nature of the change in conditions, in February produced 14,923 innovations (or modifications produced with the same financial institution), representing an increase of 31.4 per cent.
The number of loans that change of entity (subrogation to the creditor) is 3494, 52 percent more on interannual rate.
For his part mortgages in 1303 changes the owner of the property mortgaged (subrogation of the debtor), representing an increase of 29.8 percent.
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Loading ... Written by Carlos Lopez on May 4, 2006 with 1 comment.
# 1, ANA MARTIN
Hello everybody,
after visiting this site quite dare I count my situation for advice, as to give enough attention to the interview given by Pedro Solbes this morning to mirror the public agenda, I said no solution to economic problems facing the families Spanish, as they drained much of the package to talk about macroeconomics. My partner and I are in the situation of many who have bought off-plan and within a few months, in theory, we must deliver nstra house or the bank, according to look at it, but we are seeing a rise in the interest of the day than at the beginning the bank told us, so we do not know whether to terminate the contract or risk to the mortgage and surrogates of the promoter.
It appears the ECB will not lower interest rates until inflation down to 2%, so I hope your information in this regard, as there are those who say that the blood did not reach the river and it says that in less than a year we 8%.
Thank you.