The month of March 2017 saw a total of 27,720 new mortgage issued throughout Spain.
This figures represents an increase of 20% in comparison with March 2016.
The statistics are a further reflection of the recovery of the property market in Spain.
Andalucia
The average mortgage amount was €114,469.00. This was an increase of 6.4% over the year.
The breakdown of mortgage by property type was 62% for dwellings, 7% land, 5% rural properties and 26% commercial properties.
Average interest rate remains constant at 3.23%. The interest rates available for new mortgages on urban dwellings are currently extremely competitive.
Some of our recent clients have obtained rates as low as 2%.
The breakdown of mortgages approved by selective region in March 2017:
Andalucia
Mortgages 5,070
Variation + 10.7%
Average loan €97,716
Balearic Islands
Mortgages 1,040
Variation +74%
Average loan €132,550
Canary Islands
Mortgages 1,022
Variation -42%
Average loan €79,826
Cataluña
Mortgages 4,574
Variation + 26%
Average loan €135,412
Comunitat Valenciana
Mortgages 3,156
Variation + 43%
Average loan €83,041
Galicia
Mortgages 982
Variation + 23%
Average loan €97,455
Madrid
Mortgages 4,716
Variation + 16%
Average loan €163,494
Murcia
Mortgages 666
Variation + 30%
Average loan €76,012
GB Abogados offer a mortgage application service for all clients.
It does not matter if you are an existing or new client.
We have access to a range of mortgage products with a selection of banks in Spain.
Barcelona
Through our contacts we are able to negotiate the best terms and conditions for your mortgage in Spain.
If you have had a quotation for a new mortgage in Spain, please feel free to contact us.
We will review and provide our opinion as to whether the terms and conditions are in your best interests.
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