The amount of the mortgage rises by 15% in April

huge numbers of mortgages, but higher average amount. According to data supplied by the National Statistics Institute (INE), half the mortgage on residential property stood at 138,958 euros in April, an increase of 15.1% over the same month of 2005 and 0.3% higher than recorded in March.

In contrast, the number of home mortgages fell by 11.4% in interannual rate, reaching 95,357 euros for a total of 13,250 million, a 1.9% increase.

The average amount of total mortgages signed amounted to 154,213 euros in April, 14.5% more than in the same month of previous year. The total number of mortgaged properties stood at 134,423 (11.6% less) for an amount of 20,729 million euros, representing an increase of 1.17%.

Savings banks were the entities that granted a greater number of mortgage loans in April, with 53.3% of the total, followed by banks (3.57%) and other financial institutions (12.4%).

The average interest rate on mortgage loans of savings banks was 3.57% and the average period of 25 years. As for banks, the average rate of their mortgage loans was 3.62% and the average period of 24 years.

INE statistics also indicates that 97.5% of mortgages formed in April using a variable rate, compared to 2.5% fixed rate. In variable rate mortgages, the Euribor is the benchmark interest rate used in the creation of mortgages, particularly in 83.9% of new contracts.

(Unrated)

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Written by Carlos Lopez on July 5, 2006 with 15 points.

15 comments

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# 1, warrenbuffet-2

July 5, 2006, at 4:53.

The Euribor 12 months to the day today,

3.532% (+0.026)

Is that banks want more benefits ¡¡¡¡¡

# 2, JAIME RUIZ

July 5, 2006, at 12:55.

One question that does not even come to question:

I have recently completed a loan fixed at 4.75%, to 20 years with a capital of 100,000 euros.

It's a good operation? like what you see?.

Thank you.

# 3, warrenbuffet-2

July 5, 2006, at 15:06.

Jaime:
I think that the mortgage you've recruited in the current context, is a wonderful operation.
As is the Euribor, and above all, how to be in 2 years
're now just 0.75 points above the interest of mortgages variables, and 2 years, your mortgage will most likely below market rates.
The only that but you see these types of loans, by putting one, is that repayment terms are quite short in relation to credit variables, which makes monthly premiums are considerably higher.
In any case, you already see the bulls on the sidelines, with total tranquility, without any concern about interest rates and inflation.
Greetings.

# 4, warrenbuffet-2

July 6, 2006, at 5:00.

The Euribor 12 months to the day today,

3.542% (+0.010)

UYUYUYYYYYY

# 5, Anonymous

July 6, 2006, at 5:27.

3.542% is already a significant figure

UYUYUYUY! Inflation Danger!
The oil through the roof ...

http://www.cincodias.com/articulo/economia/petroleo/instala/maximos/escasez/tension/internacional/cdseco/20060706cdscdseco_1/Tes/

At the meeting today that the ECB does not believe that rising interest rates, but seeing as the oil and tensions in Iran and Korea on August 31 for another important surely rise due to inflation.

# 6, Jaimon

July 6, 2006, at 5:33.

3.542% (+0.010) is already an important figure

UYUYUYUY And oil is through the roof
Inflation Danger!

http://www.elmundo.es/mundodinero/2006/07/06/economia/1152176286.html

The ECB meets today to decide the price of money, I do not think that today it go, but watching the price of oil and tensions in Iran and Korea as more secure than for Aug. 31 at the next meeting +0.5%

UYUYUY

# 7, LUCANERO

July 6, 2006, at 5:45.

There is something positive in the news. The drop of more than 11% in the number of mortgages taken out and I imagine that in the same magnitude in the number of homes sold. Low demand, and rising rates sooner rather than later, you'll have to lower prices.

# 8, warrenbuffet-2

July 6, 2006, at 16:14.

another fact to consider:
Late payment begins to rebound.

# 9, warrenbuffet-2

July 7, 2006, at 4:59.

The Euribor 12 months to the day today,

3.559% (+0.017)

Is accelerating the trend.
UYUYUYYYYYY

# 10, LUCANERO

July 7, 2006, at 6:22.

The barrel of Brent over $ 75, Spain at the tail of the EU in labor productivity, German industrial output to grow above the forecast ... .. UYUY AYAY that pain.

# 11, warrenbuffet-2

July 7, 2006, at 6:58.

Is that it is coming. Chronicle of a disaster waiting to happen.
And that putada for the government of the day:
Spain has not won the world and the staff is not entertaining with zarandajas.

# 12, Jaimon

July 7, 2006, at 10:31.

Well, the people who are at the limit with their mortgages still do not know what awaits them, and not exactly pleasant.

The ECB appears to rectify and it seems that the new rise in the price of money will be at the meeting on August 3 and not on the Aug. 31. "The ECB suggests moving the rise in interest rates in early August"
http://www.expansion.com/edicion/expansion/inversion/es/desarrollo/668764.html

On the other side "Banks and boxes allow borrowing of up to 45%, higher than the recommended" and 98% of mortgages to variable interest:
http://www.elmundo.es/mundodinero/2006/07/07/economia/1152259946.html

On the other side is already saying that in 15 years the oil will be $ 100 ... ... mmmm like this to affect inflation is running out if ...
money.cnn.com/2006/07/06/news/economy/energy.rogers.reut/index.htm

Ah, I forgot ... I assume that all will know that mortgaged the next tax year 2007 starts the process to update the Real Property Tax (IBI) as it revising touches land, and have risen as much guess that the floors that rise IBI will be proportional to the increase in land. It was time to play the revision after 10 years, since the latter was in 1997, right?

http://www.elperiodicomediterraneo.com/noticias/noticia.asp?pkid=234176
"The tax burden will rise in 2007 after reviewing the cadastre"

servicios.elcomerciodigital.com/pg060612/prensa/noticias/Gijon/200606/12/GIJ-GIJ-015.html

In general, this review will mean that the value that is expected in each household can be in 50% of its market price, according to the Ministry. The increase for each housing cadastral half of its value is multiplied by 3.5, according to the data provided.
SUBIDA That increase would mean that in the year 2007 the receipt of IBI would experience an increase IMPORTANT
The revision of the cadastre completed in the last quarter of 2007

I imagine the faces of more than one that is currently valued mortgaged the floor in the land with a value unreal compared to current prices and when it was reviewed with current prices and the IBI will come, as it were, is ac * *** r.

What's IBI is a good measure (a part of raising the price of money) to contain inflation as I commented in other sections ...
What do you think?

# 13, warrenbuffet-2

July 11, 2006, at 0:23.

of the tax burden has always been a tool not only to reduce public deficits, but to cool the economy.
Not only the IBI will go up. An increase in the VAT rate is falling.

# 14, margarita

August 5, 2006, at 5:46.

I would like to know what was the IBEX 31 July 2006
Since I reviewed the mortgage each year on July 31
I mark the IBEX + 1.
Can you say that someone in a mortgage payment of 613 euros months will I rise with the IBEX 31 July 2006?
I want to know whether they have been wrong in the bank.

# 15, from Mention Www1.webng.com
Jan 4 2007, at 18:14.

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