The number of mortgages constituted on dwellings in December was 32,249, 30.0% more than in the same month of 2023. The average amount of these transactions was 152,377 euros, an increase of 8.3%.
The average amount of the mortgages on the total number of properties recorded in the land registries (from previous public deeds) rose by 13.5%.
For mortgages on dwellings, the average interest rate was 3.25% and the average term was 25 years. 36.6% of mortgages on dwellings were taken out at a variable rate and 63.4% at a fixed rate.
The average starting interest rate was 3.16% for variable rate mortgages on dwellings and 3.30% for fixed rate mortgages.
Percentage
The total number of mortgages with changes in their conditions recorded in the land registries fell by 17.2% in December in the annual rate.
Novations (or modifications with the same financial institution) increased by 5.9% and subrogations to the debtor (changes to the holder) by 471.0%. In turn, subrogations to the creditor (change of entity) fell by 55.3%.
79.4% of the 11,064 mortgages with changes in their terms and conditions were due to changes in the interest rates.
The Autonomous Communities presenting the highest annual variation rates in the number of mortgages constituted on dwellings in December were Región de Murcia (78.5%), La Rioja (67.0%) and Comunitat Valenciana (64.2%).
Comunidad de Madrid was the only autonomous community with a negative annual variation rate (-3.6%).
Percentage
The total number of mortgages constituted on dwellings in the whole of 2024 was 423,761, 11.2% above the previous year. The capital lent stood at 61,730.5 million euros, up by 14.2%, and the average amount rose by 2.7% to 145,673 euros.
The number of mortgages on dwellings went up in 2024 in all the autonomous communities. The largest increases were in Galicia (26.6%), Comunidad Foral de Navarra (21.2%) and La Rioja (19.0%).
Percentage
The data for 2024 are provisional and will be reviewed when the data for the same period next year are published. All results of this operation are available on INEbase.
The Mortgage Statistics provide information on constitutions of mortgages, that is, on the number of new mortgages constituted on real estate properties during the reference month and the amount of new mortgage loans corresponding to said mortgages. All this information is broken down on the basis of various variables, such as the nature of the mortgaged property or the lending institution.
All the information on constitutions, changes and register cancellations of mortgages is obtained from the information contained in the Land Registers of the entire national territory. In order to facilitate comparisons, the data for 2003 are presented according to both the old and the new base.
More information in the methodology and the standardized methodological report.
INE statistics are produced in accordance with the Code of Good Practice for European Statistics. For more information see the section on Quality at INE and the Code of Best Practices on the INE website.
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