The number of mortgages constituted on dwellings recorded in land

 30 March 2016
Mortgage Statistics (M)
January 2016. Provisional data
The number of mortgages constituted on dwellings recorded in land
registries in January stands at 23,275, 10.6% more than that of the
same month of 2015
The average value of these mortgages increases by 0.2% in the
annual rate, standing at 105,680 euros
During the month of January 2016, the average amount of mortgage constitutions
recorded in the land registries (from previous public deeds) stood at 133,461 euros,
14.2% more than that of the same month of 2015.
The number of mortgages constituted on dwellings was 23,275, that is, 10.6% higher than
that registered in January 2015. The average value was 105,680 euros, showing an annual
increase of 0.2%.
106.7
107.9
105.7
Jan-16
111.7
Dec-15
109.9
Nov-15
104.3
Oct-15
104.4
Sep-15
103.6
Aug-15
103.9
Jul-15
Feb-15
100.7
Jun-15
Jan-15
102.0
May-15
105.5
Apr-15
105.2
109.5
Dec-14
Average amount mortaged on dwellings in thousands of euros
120
80
40
Mar-15
0
The value of the mortgages constituted on urban properties reached 4,229.4 million euros,
16.3% higher than that reached in January 2015. On dwellings, the capital loaned reached
2,459.7 million euros, indicating an annual increase of 10.8%.
Mortgages constituted. January 2016
Variation rate
Monthly
Total
Total properties
Number of mortgaged properties
Capital loaned (thousands of euros)
Average amount (euros)
Rustic properties
Number of mortgaged properties
Capital loaned (thousands of euros)
Average amount (euros)
Urban properties
Number of mortgaged properties
Capital loaned (thousands of euros)
Average amount (euros)
Dwellings
Number of mortgaged properties
Capital loaned (thousands of euros)
Average amount (euros)
Annual
Interannual
accumulated
33,316
4,446,390
133,461
16.8
29.0
10.4
1.0
15.4
14.2
1.0
15.4
14.2
1,283
216,985
169,123
-12.2
17.9
34.4
-13.0
-0.6
14.2
-13.0
-0.6
14.2
32,033
4,229,405
132,033
18.4
29.6
9.5
1.7
16.3
14.4
1.7
16.3
14.4
23,275
2,459,708
105,680
20.2
17.8
-2.0
10.6
10.8
0.2
10.6
10.8
0.2
M - JANUARY 2016 (1/9)
Mortgages constituted according to the nature of the property
According to the nature of the property, mortgages constituted on dwellings concentrated
55.3% of the total capital loaned in January.
Distribution of the capital loaned for mortgages according to
the nature of the property (%)
70
60
50
40
30
20
10
0
55.3
33.9
5.9
Dwellings
Lands
4.9
Other urban properties
Rustic properties
Monthly evolution of the mortgages constituted on dwellings
In order to contribute to the analysis and interpretation of the data, the following chart shows
the variation on the number of mortgages constituted on dwellings between the months of
January and December for the last five years. In 2016, the monthly rate registered an
increase of 20.2%.
60
Evolution of the monthly rate of de number of mortgages constituted for
the dwellings (January variation as compared with December of the
previous year)
46.3
40.8
40
31.5
19.3
20.2
20
0
2012
2013
2014
2015
2016
Regarding the capital loaned for mortgages constituted on dwellings, the monthly rate of
2016 was 17.8%.
Evolution of the monthly rate of the capital lent of mortgages constituted for the
dwellings (January variation as compared with December of the previous year)
60
47.1
41.2
40
31.9
22.4
17.8
20
0
2012
2013
2014
2015
2016
M - JANUARY 2016 (2/9)
Mortgage interest rates
89.8% of the mortgages constituted in January used a variable interest rate, as compared to
10.2% using a fixed rate. Euribor was the most used reference interest rate in constituting
mortgages with a variable interest rate, specifically in 94.0% of new contracts.
The average interest rate for the total properties was 3.21% and the average term was 22
years.
The average interest rate for mortgages constituted on dwellings was 3.27%, that is, 0.4%
lower than that registered in January 2015.
Average interes rate on dwellings
3.34
3.30
3.37
3.27
Jan-16
3.25
Dec-15
3.37
Nov-15
3.35
Oct-15
Apr-15
3.40
Sep-15
Mar-15
3.29
Aug-15
3.36
Jul-15
3.35
Jun-15
3.29
May-15
3.50
Feb-15
4.00
Jan-15
5.00
3.00
2.00
1.00
0.00
Mortgages with registration changes
In January, the total number of mortgages with changes in their conditions recorded in the
land registries stood at 13,428, 17.9% lower than the figure recorded last year. On dwellings,
the number of mortgages with modified conditions decreased by 15.4%.
Considering the type of modification of conditions, in January 10,683 novations (or
modifications produced within the same financial institution) were produced, with a decrease
of 15.9%, as compared with January 2015. The number of transactions that changed
institutions (creditor subrogations) decreased by 26.1%, and the number of mortgages that
changed the holder of the mortgaged property (debtor subrogations) decreased by 18.8%.
Mortgages with registration changes. January 2016
Total
Total mortgages with changes
Novations
Subrogations Debtor
Subrogations Creditor
Variation rate
Inter-monthly
13,428
10,683
532
2,213
Interannual
17.2
15.4
44.2
20.8
-17.9
-15.9
-18.8
-26.1
Interannual
accumulated
-17.9
-15.9
-18.8
-26.1
Mortgages with changes in interest rate conditions
Of the 13,428 mortgages with changes in their conditions recorded in the land registries,
44.3% were due to changes in the interest rates.
M - JANUARY 2016 (3/9)
After the change in conditions, the percentage of mortgages at a fixed interest rate
decreased from 6.7% to 6.4%, and that of mortgages at a variable interest rate increased
from 92.6% to 92.8%.
Euribor was the rate to which the greatest percentage of mortgages at a variable rate was
referenced, both before (74.4%) and after the change (84.6%).
After the changing of conditions, the average interest rate of loans in mortgages at a fixed
rate increased by one point, and that of mortgages at a variable rate decreased by 1.6
points.
Mortgages with registration changes in interest rates conditions. January 2016
Interest rate modality
Total interest rate changes
Fixed
Variable
-Euribor
Without interest
Before the change in interest rate
After the change in interest rate
No. of
Original
Original
No. of
Final interest Final average
mortgages interest rate average
mortgages rate structure interest of
structure % interest of loan
%
loan
5,942
100.0
5,942
100.0
396
6.7
4.4
381
6.4
5.4
5,505
92.6
4.3
5,516
92.8
2.7
4,423
74.4
4.1
5,025
84.6
2.7
41
0.7
45
0.8
Results by Autonomous Community
The Autonomous Communities with the highest number of mortgages constituted on
dwellings in January were Andalucía (4,684), Comunidad de Madrid (3, 976) and Cataluña
(3, 857).
The Autonomous Communities that registered the greatest annual variation rates were
Castilla-La Mancha (30.4%), Comunidad de Madrid (22.9%) and Andalucía (22.2%).
The Autonomous Communities with the greatest capital loaned for mortgages constituted on
dwellings were Comunidad de Madrid (576.9 million euros), Cataluña (457.2 million euros),
and Andalucía (411.8 million euros).
Mortgages constituted on dwellings by Community. January 2016
Number
TOTAL
Andalucía
Aragón
Asturias, Principado de
Balears, Illes
Canarias
Cantabria
Castilla - La Mancha
Castilla y León
Cataluña
Comunitat Valenciana
Extremadura
Galicia
Madrid, Comunidad de
Murcia, Región de
Navarra, Comunidad Foral de
País Vasco
Rioja, La
23,275
4,684
618
396
641
1,022
254
1,042
879
3,857
2,323
415
766
3,976
585
364
1,227
155
Variation rate
Capital loaned
Variation rate
(thousands of euros) Monthly
Monthly
Annual
Annual
20.2
10.6
2,459,708
17.8
10.8
13.2
22.2
411,839
5.6
19.6
12.8
-8.7
61,005
4.6
-6.8
1.0
4.8
35,343
4.4
7.5
3.9
4.9
92,753
17.8
10.7
24.6
-27.3
82,207
19.1
-23.9
-10.9
5.8
27,287
0.0
16.4
53.0
21.0
95,590
66.7
13.5
43.6
30.4
68,793
33.3
32.2
16.5
7.3
457,207
12.6
8.3
32.1
12.1
188,684
31.2
11.0
12.2
21.3
30,999
23.8
27.2
-8.0
-10.1
69,873
-21.8
-19.1
36.9
22.9
576,949
39.0
19.9
6.0
-4.1
45,168
8.2
-3.4
16.3
11.3
35,526
1.4
1.8
13.1
13.9
159,691
4.1
19.0
43.5
-6.6
12,846
35.3
-7.3
M - JANUARY 2016 (4/9)
The Autonomous Communities presenting the highest positive monthly rates in the number
of mortgages constituted on dwellings were Castilla y León (53.0%) and Castilla-La Mancha
(43.6%).
In turn, the Autonomous Communities registering the greatest decreases in the monthly
variation rate were Cantabria (–10.9%) and Galicia (–8.0%).
Monthly variation of the number of mortgages constituted on dwellings.
January 2016
Castilla y León
53.0
Castilla - La Mancha
43.6
Rioja, La
43.5
Madrid, Comunidad de
36.9
Comunitat Valenciana
32.1
Canarias
24.6
TOTAL
20.2
Cataluña
16.5
Navarra, Comunidad Foral de
16.3
Andalucía
13.2
País Vasco
13.1
Aragón
12.8
Extremadura
12.2
Murcia, Región de
6.0
Balears, Illes
3.9
Asturias, Principado de
Galicia
Cantabria
1.0
-8.0
-10.9
M - JANUARY 2016 (5/9)
Mortgages Statistics
January 2016. Provisional data
M.1 Total mortgaged rustic and urban buildings
Capital in thousands of euros
Total buildings
Number
Capital
TOTAL
Andalucía
Aragón
Asturias, Principado de
Balears, Illes
Canarias
Cantabria
Castilla y León
Castilla - La Mancha
Cataluña
Comunitat Valenciana
Extremadura
Galicia
Madrid, Comunidad de
Murcia, Región de
Navarra, Comunidad Foral de
País Vasco
Rioja, La
Ceuta
Melilla
33,316
6,518
882
684
1,041
1,415
343
1,797
1,340
5,239
3,284
668
1,220
5,585
892
460
1,627
232
53
36
4,446,390
645,951
92,080
72,625
247,539
164,465
33,834
173,963
170,155
740,053
329,096
70,069
138,358
1,136,268
87,855
54,452
259,511
19,915
5,786
4,415
Rustic buildings
Number
Capital
1,283
353
73
32
62
38
6
134
116
74
137
82
45
1
76
17
29
8
0
0
216,985
43,148
8,197
4,468
31,300
7,284
585
21,712
23,478
10,204
14,526
18,581
7,133
53
17,354
3,854
4,632
476
0
0
Urban buildings
Number
Capital
32,033
6,165
809
652
979
1,377
337
1,663
1,224
5,165
3,147
586
1,175
5,584
816
443
1,598
224
53
36
4,229,405
602,803
83,883
68,157
216,239
157,181
33,249
152,251
146,677
729,849
314,570
51,488
131,225
1,136,215
70,501
50,598
254,879
19,439
5,786
4,415
M.2 Urban buildings, according to type of building
Capital in thousands of euros
Urban buildings
Number
Capital
TOTAL
Andalucía
Aragón
Asturias, Principado de
Balears, Illes
Canarias
Cantabria
Castilla y León
Castilla - La Mancha
Cataluña
Comunitat Valenciana
Extremadura
Galicia
Madrid, Comunidad de
Murcia, Región de
Navarra, Comunidad Foral de
País Vasco
Rioja, La
Ceuta
Melilla
32,033
6,165
809
652
979
1,377
337
1,663
1,224
5,165
3,147
586
1,175
5,584
816
443
1,598
224
53
36
4,229,405
602,803
83,883
68,157
216,239
157,181
33,249
152,251
146,677
729,849
314,570
51,488
131,225
1,136,215
70,501
50,598
254,879
19,439
5,786
4,415
Dwellings
Number
23,275
4,684
618
396
641
1,022
254
1,042
879
3,857
2,323
415
766
3,976
585
364
1,227
155
39
32
Capital
2,459,708
411,839
61,005
35,343
92,753
82,207
27,287
95,590
68,793
457,207
188,684
30,999
69,873
576,949
45,168
35,526
159,691
12,846
4,062
3,886
Lots
Number
502
199
4
6
10
11
0
21
49
65
34
13
10
36
12
8
23
1
0
0
Other urban land
Number
Capital
Capital
260,815
28,339
2,894
2,979
3,383
8,155
0
18,685
26,223
39,578
9,167
1,181
10,895
65,922
1,617
736
40,685
376
0
0
8,256
1,282
187
250
328
344
83
600
296
1,243
790
158
399
1,572
219
71
348
68
14
4
1,508,882
162,625
19,984
29,835
120,103
66,819
5,962
37,976
51,661
233,064
116,719
19,308
50,457
493,344
23,716
14,336
54,503
6,217
1,724
529
M - JANUARY 2016 (6/9)
January 2016. Provisional data
M.3 Rustic buildings, according to loaning bank
Capital in thousands of euros
Rustic buildings
Number
Capital
TOTAL
Andalucía
Aragón
Asturias, Principado de
Balears, Illes
Canarias
Cantabria
Castilla y León
Castilla - La Mancha
Cataluña
Comunitat Valenciana
Extremadura
Galicia
Madrid, Comunidad de
Murcia, Región de
Navarra, Comunidad Foral de
País Vasco
Rioja, La
Ceuta
Melilla
1,283
353
73
32
62
38
6
134
116
74
137
82
45
1
76
17
29
8
0
0
216,985
43,148
8,197
4,468
31,300
7,284
585
21,712
23,478
10,204
14,526
18,581
7,133
53
17,354
3,854
4,632
476
0
0
Banks
Number
808
241
33
19
50
26
5
64
67
50
72
74
37
0
35
13
14
8
0
0
Capital
136,353
32,121
3,730
3,863
12,786
5,077
528
18,696
14,070
7,305
8,181
13,509
6,268
0
4,909
3,232
1,602
476
0
0
Other banks
Number
Capital
475
112
40
13
12
12
1
70
49
24
65
8
8
1
41
4
15
0
0
0
80,632
11,027
4,467
605
18,514
2,207
57
3,016
9,408
2,899
6,345
5,072
865
53
12,445
622
3,030
0
0
0
M.4 Urban buildings, according to loaning bank
Capital in thousands of euros
Urban buildings
Number
Capital
TOTAL
Andalucía
Aragón
Asturias, Principado de
Balears, Illes
Canarias
Cantabria
Castilla y León
Castilla - La Mancha
Cataluña
Comunitat Valenciana
Extremadura
Galicia
Madrid, Comunidad de
Murcia, Región de
Navarra, Comunidad Foral de
País Vasco
Rioja, La
Ceuta
Melilla
32,033
6,165
809
652
979
1,377
337
1,663
1,224
5,165
3,147
586
1,175
5,584
816
443
1,598
224
53
36
4,229,405
602,803
83,883
68,157
216,239
157,181
33,249
152,251
146,677
729,849
314,570
51,488
131,225
1,136,215
70,501
50,598
254,879
19,439
5,786
4,415
Banks
Number
28,659
5,597
675
477
926
1,288
311
1,475
984
4,658
2,792
553
1,132
5,276
718
274
1,243
195
53
32
Capital
3,833,146
540,008
69,775
54,510
194,572
149,093
30,993
135,210
113,559
671,832
275,832
49,127
126,574
1,091,956
61,540
35,242
206,711
16,848
5,786
3,978
Other banks
Number
Capital
3,374
568
134
175
53
89
26
188
240
507
355
33
43
308
98
169
355
29
0
4
396,259
62,795
14,108
13,647
21,667
8,088
2,256
17,041
33,118
58,017
38,738
2,361
4,651
44,259
8,961
15,356
48,168
2,591
0
437
M - JANUARY 2016 (7/9)
January 2016. Provisional data
M.5 Total mortgages cancelled, according to type of building
Total buildings
TOTAL
Andalucía
Aragón
Asturias, Principado de
Balears, Illes
Canarias
Cantabria
Castilla y León
Castilla - La Mancha
Cataluña
Comunitat Valenciana
Extremadura
Galicia
Madrid, Comunidad de
Murcia, Región de
Navarra, Comunidad Foral de
País Vasco
Rioja, La
Ceuta
Melilla
Rustic buildings
39,499
8,091
874
890
1,228
1,899
432
2,174
2,044
5,510
5,544
799
1,787
4,742
1,619
329
1,141
305
22
69
1,847
539
44
33
58
31
12
110
156
75
373
112
108
44
110
4
33
5
0
0
Dwellings
Lots
24,160
4,743
496
442
738
1,235
257
1,159
1,219
3,721
3,466
414
1,057
3,075
865
240
763
190
16
64
Other urban land
1,366
323
7
8
26
27
7
168
199
126
131
36
43
186
40
10
18
11
0
0
12,126
2,486
327
407
406
606
156
737
470
1,588
1,574
237
579
1,437
604
75
327
99
6
5
M.6 Total cancelled mortgages, according to type of building and
loaning bank
Total buildings
Banks
TOTAL
Andalucía
Aragón
Asturias, Principado de
Balears, Illes
Canarias
Cantabria
Castilla y León
Castilla - La Mancha
Cataluña
Comunitat Valenciana
Extremadura
Galicia
Madrid, Comunidad de
Murcia, Región de
Navarra, Comunidad Foral de
País Vasco
Rioja, La
Ceuta
Melilla
34,366
6,911
727
772
1,076
1,743
366
1,913
1,868
4,795
4,909
725
1,626
4,118
1,469
235
818
205
21
69
Rustic buildings
Banks
Other
banks
5,133
1,180
147
118
152
156
66
261
176
715
635
74
161
624
150
94
323
100
1
0
1,318
364
23
23
48
25
12
86
128
41
297
65
64
20
87
4
28
3
0
0
Urban buildings
Banks
Other
banks
529
175
21
10
10
6
0
24
28
34
76
47
44
24
23
0
5
2
0
0
33,048
6,547
704
749
1,028
1,718
354
1,827
1,740
4,754
4,612
660
1,562
4,098
1,382
231
790
202
21
69
Other
banks
4,604
1,005
126
108
142
150
66
237
148
681
559
27
117
600
127
94
318
98
1
0
M - JANUARY 2016 (8/9)
January 2016. Provisional data
M.7 Total mortgages with changes, according to type of change and
type of building
Total
buildings
TOTAL
Andalucía
Aragón
Asturias, Principado de
Balears, Illes
Canarias
Cantabria
Castilla y León
Castilla - La Mancha
Cataluña
Comunitat Valenciana
Extremadura
Galicia
Madrid, Comunidad de
Murcia, Región de
Navarra, Comunidad Foral de
País Vasco
Rioja, La
Ceuta
Melilla
13,428
2,567
747
165
400
583
66
455
566
2,602
2,105
150
492
1,487
563
124
204
95
19
38
Type of change
Type of building
Novation
Subrogations Subrogations Rustic
Urban
Debtor
Creditor
buildings buildings
10,683
2,176
688
138
387
231
47
407
473
2,109
1,451
109
347
1,267
502
120
135
77
19
0
For further information see INEbase – www.ine.es/en/
532
77
7
10
2
17
0
23
12
71
131
0
14
61
24
1
45
1
0
36
2,213
314
52
17
11
335
19
25
81
422
523
41
131
159
37
3
24
17
0
2
577
162
30
5
16
31
0
34
52
22
109
43
11
34
16
2
9
1
0
0
12,851
2,405
717
160
384
552
66
421
514
2,580
1,996
107
481
1,453
547
122
195
94
19
38
Dwellings
8,324
1,481
422
109
228
285
46
262
418
1,664
1,262
76
330
1,081
345
45
150
70
12
38
All press releases at: www.ine.es/en/prensa/prensa_en.htm
Press Office: Telephone numbers: 91 583 93 63 / 94 08 – Fax: 91 583 90 87 – gprensa@ine.es
Information Area: Telephone number: 91 583 91 00 – Fax: 91 583 91 58 – www.ine.es/infoine/?L=1
M - JANUARY 2016 (9/9)