Housing mortgages shoot 44.5% in March and interest adds two months below 3%
The number of mortgages constituted on homes 44.5% in March for the same month of 2024, until adding 42,831 loans, its largest figure in a month of March since 2022, according to data released on Tuesday by the National Statistics Institute (INE)
With the interannual advance of March, 40 points higher than February (+4.3%), the signing of mortgages on homes sum nine consecutive months of increases.
He average interest rate In housing loans stood in March at 2.97%, slightly above 2.96%in February, but managed to stay below 3%.
According to statistics, the average term of housing loans was In 25 years in the third month of 2025.
He Average mortgage amount constituted on homes rose 14.3% year -on -year in March, Up to 156,698 euroswhile the capital borrowed increased by 65.2%, to 6,711.5 million euros.
66.8% of housing mortgages were constituted at a fixed type, while 33.2% was made in March at variable type. The average interest rate at the beginning was 2.82% for variable type and 3.05% for mortgages on fixed homes.
The communities with the highest annual variation rates in the number of mortgages on homes in March were Galicia (99.1%), Castilla y León (98.5%) and Principality of Asturias (75.2%). The only community with a negative variation rate was Navarra Foral Community (-12.1%).
