In addition, the mortgage payment represents 33% of the income in a standard house and in 2007-2008 50% of the income.
Euskaraz irakurri: Rate finko eta aldakorreko hipotekak parekatu egin dira Euskadin
The fixed-term mortgage is gaining ground at the floating rate in Euskadipractically reaching a ratio of one to one, especially in the first quarter of this year, the term fixed has come to represent 47.2% of mortgages formed, and the 52.4% variable rate
This follows from the latest EITB DATA, which on this occasion aims to take an X-ray of everything that surrounds the housing market, and which EITB publishes today in all its media.
The Change of trend in fixed and floating rate modalities, it occurred in 2015-2016, when the fixed rate went from a residual value to one in four mortgages. From there, it grew exponentially until it made up practically half of all mortgages.
The mortgage, a third of the income
In contrast, for a standard home (80 meters) household, the mortgage payment represents 33% of the household income in the state as a whole, according to 2021 data.
It is a figure that reached an all-time high in 2007-2008, at the gates of the financial and real estate bubble crisis, accounting for more than 50% of income. In 2016 and 2017, however, it fell below 31%.
Image: EITB MEDIA
According to the amount of mortgages in 2020-2021, both the total amount and the average, despite recovery, they do not reach the values recorded before the 2008 crisis
(function(d, s, id) {
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) return;
js = d.createElement(s); js.id = id;
js.src = “//connect.facebook.net/es_ES/sdk.js#xfbml=1&version=v2.8”;
fjs.parentNode.insertBefore(js, fjs);
}(document, ‘script’, ‘facebook-jssdk’));
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.
