Taking out mortgages to buy houses fell by 16.9% in Euskadi in 2023

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Last year, 19,181 loans were granted for the purchase of housing and the loan capital amounted to 3,045 million euros, making the average amount around 159,000 euros.

The signature of new mortgages about housing fell last year in Euskadi 16.9% compared to 2022, a decline that was weakened in the last month of the year, as it fell by only 4% in December, according to data from the National Statistical Institute (INE).

They were formalized last year 19,181 loans acquire households and the borrowed capital was 3045 million euroswhich brings the average amount to approximately 159,000 euros.

In 2023 they were signed in Euskadi 24,411 mortgages on all types of farms. Of these, 406 were on rural properties and 24,005 on urban properties. Of the latter, 19,181 were homes, 279 plots and 4,545 other types of urban properties, such as offices, garages and storage spaces.

Last year, 5,412 register changes in mortgages were also registered: 3,693 due to novation, 231 due to subrogation of the debtor and 1,488 due to subrogation of the creditor; while 18,495 mortgages on homes were cancelled

Source: EITB

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