2023-11-07 19:48:11
‘Green’ mortgages are much more expensive. There is more supply on the market than ever, but at a price that is still higher. It is the reality of green mortgages presented by a study dedicated to sustained financial products to which it has had access MERCA2. The offer, driven by the variables segment, has gone from five proposals from two financial entities to nine, offered by six entities. The entities that currently have a green mortgage in their portfolios, fixed or variable, are Banco Santander, with a proposal; Banco Mediolanum, Cajamar and BBVA, with two proposals each, as well as Bankinter and Triodos Bank, with four proposals each.
He ‘IV Green Finance Study», by Asufin, «demonstrates that green mortgages are more expensive in relation to the market average». «Thus, we see that at this time, the green fixed mortgage stands at 5.63% APR, the green variable, at 4.63% APR, and the average mortgage on the market, at 3.75%, that is, a 1.88% extra cost in the first case, and 0.88% in the second.
Another aspect studied this year, for which they have had the collaboration of the REVO Sustainable Prosperity organization, is related to the rehabilitation of homes to make them energy efficient: up to 43.40% of those surveyed say they have plans to do the energy rehabilitation of your home, 15.10% in the short term and 28.30% in the long term, taking into account that the increase in value of an energy-renovated home is 24.10% on average. Those surveyed by ASUFIN admit that the average of what they are willing to spend on the energy rehabilitation of their home is 9,414 euros.
Most banking entities have specific offers for home rehabilitation
Most of the Bank entities They have specific offers aimed at housing rehabilitation. Asufin includes in the study all the proposals ranging from the Energy Efficiency loan from Banco Santander, at 4.38% APR, to the Home loan, from CaixaBank, at 12.53% APR, with a market average that reaches 6 ,twenty%.
In the chapter of acquiring an ecological vehicle, the ASUFIN study detects eleven offers from eight entities this year compared to six from five entities, in 2022. But the most relevant thing is the conditions of these loans. Although there is disparity between them (the cheapest proposal, from Caja Ingenieros, charges 4.18% APR compared to the most expensive, Abanca, which shoots up to 10.98%), their average, 7.30% APR , is still below the 8.05% of personal loans in the month of July.
GREEN INVESTMENT
Finally, and in the chapter of green investment, despite the fact that the financial environment offers doubts in the medium term, due to the economic slowdown in some nearby economies, increases in interest rates and inflation, 73.40% of investors have take into account sustainability criteria when choosing your investments.
ASUFIN, IN DETAIL
Asufin is an association of financial consumers established on July 20, 2009, which belongs to the Council of Consumers and Users (CCU), the official advisory body that represents citizens before the Public Administration in its decision-making. It is part of the Finance for All program of the Bank of Spain and the CNMV, from which it has obtained the Award for Best Track Record in the development of the Financial Education Plan in 2021.
«It contributes to the protection and defense of the financial user by being part of the advisory boards of the European Banking Authority (EBA), the Financial Services Users Group (FSUG) of the European Commission and the European Securities and Markets Authority (ESMA). It belongs to the non-profit organizations Finance Watch, BEUC and Spainsif », he points out.
Its purpose is to defend the rights and legitimate interests of users of the services provided by credit institutions and financial credit establishments, investment services companies, collective investment institutions and, in general, any persons or Entities carry out, directly or indirectly, activities related to financial activity, securities markets, insurance entities and financial intermediation.
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