In the third month of the year, 1,708 mortgages were formalized in Euskadi on all types of real estate. The average mortgage amount taken out in March for the purchase of a home was 165,044 euros.
New residential mortgage signings fell again in March in the Basque Country, with a sharp decline of 28.8%, following the brief recovery of 1.5% recorded in February after a year of year-on-year declines.
According to data from the National Institute of Statistics, INE, the decline exceeds the average decline for the state, of -18.1%, and places the autonomous community in third place with the largest decline, after Castilla y León (-31.2 %). and the Canary Islands (-31.7%). The only two autonomy with positive values are Navarra (+21.4%) and Madrid (+1.5%).
In the third month of the year, 1,708 mortgages were formalized in Euskadi on all types of real estate: 1,689 on urban properties and 19 on rural properties. Of the urban properties, 1,357 concerned homes, 5 concerned plots and 327 concerned other types of buildings, such as offices, garages and storage spaces.
The average mortgage amount taken out for the purchase of a home in March was 165,044 euros, compared to 155,000 the month before.
That month there were also 392 register changes of mortgages in the autonomous community: 253 due to novation, 13 due to subrogation of the debtor and 126 due to subrogation of the creditor. The number of canceled mortgages on homes was 1,582.
Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
