The number of mortgages constituted on homes shot 31.7% in June compared to the same month of 2024, until adding 41,834 loans, its largest figure in this month since the 2022 year, according to the data released on Wednesday by the National Institute of Statistics (INE).
The June increase comes after the year -on -year increases recorded in May (+54.4%), April (14.4%) or March (44.5%). With the year -on -year advance of June, which has moderated more than 20 points compared to May, the signing of housing mortgages adds twelve consecutive months of increases.
With the data of the first semester of 2025, 243,257 mortgages have been signed in Spain, which represents an increase of 24.8% compared to the first six months of 2024. It is the maximum in the last 14 years. Specifically, since the first half of 2011, when they were signed, still in full real estate, 243,632 mortgage loans.
The interannual rebound of these first six months of 2025 is significant, with an increase of almost 50,000 credits more compared to the first semester of 2024 and in a context of crisis in access to housing, relaxation of interest rates and fired rentals. The data of these first six months exceeds 235,873 mortgages that were signed in the first semester of 2022, when interest rates were still minimal as a result of the stimulus measures adopted by the crisis of the Coronavirus.
The average amount of mortgages constituted on homes rose 15.5% year -on -year in June, to a new maximum of 168,363 euros. The capital borrowed increased by 52.1%, to 7,043.3 million euros.
The mortgage signature data, however, are still far from the years of the real estate bubble that exploded in 2008. The nearly 42,000 mortgages constituted in June this year are far from the 111,139 that were signed in June 2007, in the peak prior to the brick crash of the first decade of this century, in a semester in which more than 47,000 loans were signed Mortgage
The average interest rate in housing loans was in June at 2.99%, above 2.91%of the previous month and the highest since last January (3.08%). However, with the June data, five consecutive months are already accumulated with a rate of less than 3%.
The average interest rate for mortgages constituted on homes managed to lower last February 3% for the first time in almost two years, and in June has managed to endure below that level, although by little. According to statistics, the average term of housing loans was 25 years in the sixth month of 2025.
28% of housing mortgages were constituted in June to variable type, while 72% did so at a fixed type, the highest percentage since August 2022. The average interest rate at the beginning was 3% for variable type mortgages and 2.98% for mortgages on fixed type homes.
In an intermensual rate (June on May), housing mortgages decreased by 1% and the capital borrowed grew by 5.3%. For its part, the average amount of mortgage loans on housing rose 6.5% compared to the fifth month of the year.
In the first six months of the year, the number of mortgages for the purchase of a home has increased 24.9%, with advances of 42.5% in the capital borrowed and of 14.1% in the average amount of the credits granted.
Source: www.eldiario.es
