2023-05-31 06:38:41
The mortgage firm to acquire a home in Córdoba fell 12% in the last year, between March 2022 and the same month of this 2023. According to data published by the National Statistics Institute (INE), a total of 653 mortgage loans were signed in the province in the third month of the year, while in 2022 that figure reached 750 loans. All this means that an average of 21 mortgages per day have been signed in the province during the month of March.
The year started with 526 mortgages in January, which rose to 816 for February and fell again to 653 in March. In other words, so far this year they have consolidated 1,995 mortgages -for 2,008 of the same period of 2022-. However, if the statistics are located in the third month of 2021, the drop is even greater, 46%, taking into account that it was the year after the Covid crisis, a year that paralyzed many families from taking a decision as important as buying a home.
As for the amount mortgaged, those almost 2,000 mortgages signed so far in 2023 entailed a total of 266 million euros mortgaged, while those of 2022 represented an amount of 338 million euros. Taking the average by mortgage, it can be seen that the money mortgaged last year was 21% higher than this year.
The entity that grants the loan for the purchase of a home is also reflected in the INE data, which states that most of them have been made, as is normal, through banks559 of them, while only 94 have been made through other entities in the month of March.
Of all the mortgage firms in Córdoba these first three months of the year, 89 have been made for homes located in rustic farms for an amount of 10,302 euros and, as is logical, the majority, a total of 1,906 in urban properties, for 225,988.
In Spain
The number of mortgages constituted on homes is 36,182, 15.7% less than in March 2022. The average amount is 142,663 euros, with a decrease of 1.5%, while the average of the mortgages on the total number of properties registered in the property registers in March (from public deeds carried out previously) is 164,087 euros, 6.6% higher than in the same month of 2022.
Due to the nature of the property, the mortgages constituted on homes concentrated 66.3% of the total capital lent in the month of March. The value of the constituted mortgages on urban farms it reached 7,627.4 million euros, 11.1% less than in March 2022. In housing, the loaned capital stood at 5,161.9 million, with an annual decrease of 17.0%.
The communities with the highest number of mortgages constituted on homes in March are Andalusia (7,280), Catalonia (6,467) and the Community of Madrid (5,515). The Communities in which the most capital is lent for the constitution of mortgages on homes are Comunidad de Madrid (1,200.2 million euros), Cataluña (1,050.4 million) and Andalucía (879.5 million).
The only Community with a positive annual rate in the capital lent is Principado de Asturias (1.8%). On the other hand, those who present the further declines in their annual rates they are Illes Balears (-31.0%), Comunidad de Madrid (-23.7%) and Castilla – La Mancha (-22.1%).
For the mortgages constituted on the total number of properties in March, the average interest rate at the beginning is 3.29% and the average term of 24 years. 38.7% of the mortgages are at a variable interest rate and 61.3% at a fixed rate. The average interest rate at the beginning is 3.15% for variable rate mortgages and 3.40% for fixed rate ones.
in mortgages constituted on dwellings, the average interest rate is 2.99% and the average term is 25 years. 36.1% of home mortgages are constituted at a variable rate and 63.9% at a fixed rate. The average interest rate at the start is 2.72% for variable-rate home mortgages and 3.15% for fixed-rate ones.
The total number of mortgages with changes in your conditions registered in the property registries is 14,176, 14.7% less than in March 2022. Based on the type of change in the conditions, in March there were 11,399 novations (or modifications produced with the same financial institution), with an annual decrease of 16.4%. For its part, the number of operations that change entities (subrogations to the creditor) decreased by 8.1%, and the number of mortgages in which the owner of the mortgaged asset changed (subrogations to the debtor) decreased by 3.1%.
Of the 14,176 mortgages with changes in their conditions, 32.1% are due to changes in interest rates. After the change in conditions, the percentage of fixed-interest mortgages increased from 13.0% to 40.2%, while that of variable-interest mortgages decreased from 85.6% to 58.0%.
He Euribor It is the rate to which the highest percentage of variable-rate mortgages refer, both before the change (81.0%) and after (54.8%). After the modification of conditions, the average interest on loans on variable-rate mortgages rises 0.1 points and that of fixed-rate mortgages increases 0.1 points.
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