The number of Mortgages constituted on homes in the Community of Madrid increased by 11.5% last September compared to the same month of 2021, up to 8,836 loans, according to data released this Wednesday by the National Institute of Statistics (INE). Compared to the month of August, the number of mortgaged homes has grown by 45.9% in the Madrid region.
Secondly, Mortgage loans totaled 1,645 million euros for the constitution of mortgages on homes in September. Specifically, this represents 22.3% more capital lent compared to the same month of the previous year, but a drop of 2.8% if the monthly variation is taken into account.
Considering the total number of properties, a total of 10,938 mortgages on properties were constituted, investing a capital of 2,299 million euros. Of these, six were on rustic farms and 10,932 on urban ones.
Of the 10,932 mortgages constituted on urban properties in September in the Community of Madrid, 8,836 were on homes; 60 in plots and 2,036 in another type.
By autonomous communities, those with the highest number of mortgages constituted on dwellings in September are Comunidad de Madrid (8,836), Andalucía (7,769) and Cataluña (7,683).
The communities in which the most capital is lent for the constitution of mortgages on homes are Comunidad de Madrid (1,645.2 million euros), Cataluña (1,289.2 million) and Andalucía (979.1 million).
Data throughout Spain
Nationwide, the number of mortgages constituted on homes increased by 4% last September compared to the same month of 2021, up to 44,119 loans, the highest number in a month of September since 2010, when more than 53,000 mortgages were signed.
With the year-on-year rise in September, more than six points lower than that experienced in August, the home mortgage firm has chained 19 months of consecutive year-on-year rises.
The average amount of mortgages constituted on homes fell by 1.4% year-on-year in the ninth month of the year, to 143,222 euros, while the capital lent grew by 4.6%, to 6,318.8 million euros.
In September, the average interest rate for all mortgage loans stood at 2.59%, with an average term of 23 years. In the case of homes, the average interest was 2.47%, below the 2.48% of a year earlier, with an average term of 24 years.
31.8% of mortgages on homes were established last September at a variable rate, while 68.2% were signed at a fixed rate, the lowest percentage since December 2021. The average interest rate at the beginning it was 1.96% for variable-rate home mortgages and 2.70% in the case of fixed-rate ones.