Link Securities | The National Statistics Institute (INE) reported on Friday that the number of mortgages taken out on homes rose to 39,176 in April, representing a 14.4% increase year-on-year. The average amount of these transactions was €155,883, an increase of 12.4%.
For mortgages taken out on residential properties, the average interest rate in April was 2.98% and the average term was 25 years. 32.9% of mortgages on residential properties were taken out at variable rates and 67.1% at fixed rates. In addition, the average initial interest rate was 2.87% for variable-rate mortgages on residential properties and 3.04% for fixed-rate mortgages.
