Mortgage Statistics (M)

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.

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%).

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%).

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.

Type of survey:

monthly continuous survey.

Population scope:

the registration of mortgages constituted, with changes or cancelled in the land registries.

Geographical scope:

the entire national territory, by Autonomous Communities and provinces.

Reference period of the results and the information:

the calendar month.

Classification:

rural and urban properties (dwellings, plots and other urban).

Collection method:

administrative registers from the Association of Land and Mercantile Registrars of Spain.

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.