The Mortgage Firm Suffers Its Biggest Fall in Two Years After the ECB Maneuver and the Average Interest Rate Exceeds 3%
12 Articles
12 Articles
The number of mortgages on homes registered in July in the property registers reached 43,372, 3.5% less than in the same month of 2025 , and left behind the year-on-year increase reflected in June of this year, according to the data published on Monday by the National Institute of Statistics (INE).The average amount of these transactions reached 180,785 euros , with an increase of 10.9%.In the year-on-year accumulation, the signature of mortgage…
The average rate exceeds 3% after 17 months below that level
The housing loan firm records its second best figure for a month of July since 2010, while the average interest rate is 3.01%.
The amount of loans skyrockets by 10.9% in one year and reaches its highest level since at least 2015, while firms fall back by 3.5%
In July 43,372 loans were granted for the purchase of a house, 3.5% less than last year. The average interest rate rose to 3.01%. It is the first time in 18 months that exceeds the 3% threshold.
The number of housing mortgages constituted in July was 43,372, 3.5 per cent less than in the same month of 2025, in which it represents its greatest decline
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