Real estate portals assure that the fall in mortgage signing will soften at the end of the year

2023-10-25 23:48:20

They say that the signing of mortgages falls more than sales because home purchases without the need for a mortgage increase

MADRID, 25 (EUROPA PRESS)
The real estate portals have assured that the fall in mortgage firms will soften somewhat at the end of the year, but that it will continue in the coming months, after learning that the number of mortgages constituted on homes fell by 22.7% in August, according to data of the National Statistics Institute (INE).

Thus, the general director of Idealista mortgages, Juan Villén, has indicated that the trend in the coming months will be “strong” falls in the signing of mortgages and high rates in line with bank financing costs.

For her part, the Director of Studies and spokesperson for Fotocasa, María Matos, has pointed out that the rise in the Euribor and interest rates are causing a new reality, given that mortgage concessions take “a different path” to that of sales. , since, while purchase and sale operations seem to resist due to the change in the buyer’s profile, the mortgage firm is being affected by the new price of money.

In this regard, the director of Apartamentos.com Studies, Ferran Font, has indicated that the slowdown in mortgages is greater than that of sales operations because home purchases continue to increase without the need to take out a mortgage. “In fact, in some markets, practically half of home purchases are made without taking out a mortgage,” he explained.