Fall in mortgage signing With the year-on-year decrease in March, the home mortgage. Firm has had two consecutive months of negative rates, after the drop that was in February . On the other hand, it has already a year-on-year drop of during the first quarter. Furthermore, the average amount of mortgages remains negative . It has by year-on-year during the third month of the year, to , euros . The capital lent by banks for the purchase of homes also by , to , million euros. Another of the data that stands out the most from the statistics agency is that, thanks to the increases in interest rates that were by the European Central Bank (ECB) to confront inflation, the average interest rate for the total Mortgage loans continue to increase. It is already at its highest levels since April , after reaching in March. On the other hand, of housing loans were last March at a variable rate . These have been far by the that was at a rate.
What are the forecasts?
The reality is that the March mortgage data shows us a large drop that other leading indicators have been showing since the beginning of the year. In fact, these declines are to continue in the statistics in the coming months , at least until the end of summer . What is the reason for this drop in mortgage signing? Without a doubt, this drop is by two important points . On the one hand, the large Iraq Email List increase in interest rates , which has an important part of the demand. On the other hand, the great uncertainty by the latest regulatory measures . This combination, in addition to the increase in profitability of different options such as income, implies that a large number of families and investors have chosen to postpone purchase decisions, waiting for a more positive scenario. The reality is that the arrival of a better scenario cannot be seen in the short term, at least this year. On the other hand, the price of new mortgages continues to increase . Getting to overcome mortgages, the barrier and climbing to levels not seen for years.
Data by Autonomous Community
Asturias is as the only community with a positive annual variation rate , it is . On the other hand, the Balearic Islands with -, Madrid with – and Castilla-La Mancha with -, are at the head of the declines. According to INE data , the communities that have the Australia Email List highest number of mortgage. Loans that were on homes in March are Andalusia with ,, Catalonia with , and the Community of Madrid with , , and also, these are the regions in which The bank lends a greater amount of capital. In this case, Madrid leads the list with , million euros , closely by Catalonia with , million and Andalusia with million . Again, the only community with a positive annual rate on capital is Asturias with . Forecasts on high rates Pablo Hernández de Cos, governor of the Bank of Spain. Has that high interest rates will continue for a long time to reach the objective of inflation being . On the other hand, he has also that his forecasts involve a gradual in underlying inflation due to the improvement of supply chains and the moderation of demand. Furthermore, he that the intensity of these effects is uncertain, as they may not be symmetrical to the upside effects.
