The number of mortgages on homes constituted in Spain in February amounted to 39,084, 4.3% more than in the same month of 2024, accumulating eight months of increases.
However, in the Canary Islands, mortgage signing plummeted, falling more than 38.7%, according to data published this Thursday by the National Institute of Statistics (INE).
The average amount of a mortgage for housing was 157,018 euros, which represents an interannual increase of 16.2%, and the capital lent increased by 21.2%.
Regarding the interest rate, for mortgages constituted on homes, the average rate was 2.96%, and the average term was 25 years; 35.4% of mortgages on homes were constituted at a variable rate, and 64.6% at a fixed rate.
The average interest rate at the beginning was 2.73% for mortgages on homes at a variable rate and 3.10% for those at a fixed rate, indicates the INE, which highlights that 75.1% of the 14,042 mortgages with changes in their conditions were due to modifications in interest rates.
Breaking down the data by autonomous communities, those with the largest increases in the number of mortgages on homes in February were Cantabria (55.6%); La Rioja (53.3%) and the Basque Country (39.7%).
At the other end of the table, those with the lowest annual rates were the Canary Islands (38.7%); Navarra (34.3%) and the Balearic Islands and the Community of Madrid, with a rate of 20% in both cases.