Real estate market news on the Costa Blanca, Spain

Read the latest Spanish and Costa Blanca property market news.

Home mortgage signings soar

29/06/2021

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Data published yesterday by the National Statistics Institute (INE) on mortgages for housing for the month of April 2021 indicate that, in that month, 31,909 mortgages were signed in Spanish notaries' offices. This represents an increase of 32.1% compared to April 2020, a month in which the real estate market was frozen due to confinement.

The data for April also indicate that fixed-rate mortgage loans predominate over variable-rate loans, accounting for 58.5% of the total.

In terms of interest rates, the average interest rate on mortgages taken out in April was 2.53%, with the average loan term being 24 years. 

If you are thinking of buying a house on the Costa Blanca, and applying for a mortgage loan, ESPHOUSES can help you to get it. We collaborate with Banco Santander, Banco Sabadell, La Caixa, Bankia, Bankinter and Deutsche Bank; in order to offer you a mortgage with the best market conditions. Contact us and we will help you buy your home.


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