The granting of mortgages to buy houses grew a 14% in 2016, up to the 281.328 loans, adding three consecutive years upward from minimums of 2013. According to INE data, fixed rate loans are at highs, overcoming the 31% of the mortgages granted from November. El capital prestado se incrementó un 17,2% up to the 30.878 million euros y la average mortgage alcanzó los 109.759 euros, its peak from 2011.
While the granting of mortgages for housing data took a drop of the 18,4% month in December, with 20.747 contracts (the third worst year data), He had a year on year increase in December of the 6,9%. Mortgage loans for housing closed for the third consecutive year upward from minimums reported in 2013. With 281.328 signed contracts, in 2016 mortgages grew a 14%, Although far more of 1,3 millions of mortgages granted ten years earlier.
The good, you speak of normalization of sector after the worst year of the crisis, are the value of mortgages constituted about housing reached the 30.878,4 million, with an increase of the 17,2% respect to 2015. In fact, the amount of half of the mortgages to purchase homes increased a 2,8% up to the 109.759 euros, at highs since 2011.
Should be noted that the 31,6% were signed to a fixed interest rate mortgages constituted in December and held at highs, very close to the historic record for November of 2016, with the 31,8%.
Fernando Encinar, Head of studies of Idealist, ensures that "the year ended with more of" 280.000 mortgages granted, lo que supone a very good news for all those interested in the purchase de una vivienda. During the last month of the year has slowed down a bit the pace of growth in the concessions, Despite which the difference from last year is of the 14%. The average borrowing amount has been located at the annual maximums, result of the increased willingness of banks to lend and mild increases in prices of housing in big cities. Interest rates that provide the entities are in minimum, but fixed-rate mortgages continue to grow and now represent nearly one in every three signed operations.
Although reverses the legal banking you have suffered in recent months are not yet covered in this data, It will be interesting to see how the mortgage market behaves in the coming months. The main challenge is facing the sector in 2017 It is to maintain its growth rate and see how you react the same prices, Since many institutions have begun to increase them since January. This situation is affecting particularly those of fixed type whose progressive increase in prices could lead to a decline of the same on the total number of mortgages granted".
Read more: HTTPS://www.idealista.com/news/finanzas/hipotecas/2017/02/28/745518-las-hipotecas-cierran-su-tercer-ano-al-alza-en-el-mejor-momento-para-el-tipo-fijo#xts=352991&xtor = EPR-75-[esta_pasando_20170228] - 20170228-[m-01-titular-node_745518]-25728723@3