The total number of mortgages constituted on dwellings recorded in

28 July 2015
Mortgage Statistics (M)
May 2015. Provisional data
The total number of mortgages constituted on dwellings recorded
in the land registries stands at 19,732 in April, 10.9% higher than
that of the same month of 2014
The average value of the mortgages constituted on dwellings
increases 4.4% in the annual rate, standing at 103,922 euros
During the month of May 2015, the average amount of mortgage constitutions recorded in
the land registries (from previous public deeds) stood at 125,802 euros, 7.3% more than
that of the same month of 2014.
The number of mortgages constituted on dwellings was 19,732, that is, 10.9% higher than
that registered in May 2014. The average value was 103,922 euros, showing an annual
increase of 4.4%.
Jul-14
Aug-14
99.9
104.8
104.9
105.8
109.5
102.0
100.7
103.9
May-15
Jun-14
107.8
Apr-15
102.4
Mar-15
100.5
Jan-15
99.4
Dec-14
99.5
Nov-14
100.1
May-14
120
Apr-14
Average amount mortaged on dwellings in thousands of euros
80
40
Feb-15
Oct-14
Sep-14
0
The value of the mortgages constituted on urban properties reached 3,526.8 million euros,
15.3% higher than that reached in May 2014. On dwellings, the capital loaned reached
2,050.6 million euros, indicating an annual increase of 15.8%.
Mortgages constituted. May 2015
Total
Total properties
Num ber of mortgaged properties
Capital loaned (thousands of euros)
Average amount (euros)
Rustic properties
Num ber of mortgaged properties
Capital loaned (thousands of euros)
Average amount (euros)
Urban properties
Num ber of mortgaged properties
Capital loaned (thousands of euros)
Average amount (euros)
Dwellings
Num ber of mortgaged properties
Capital loaned (thousands of euros)
Average amount (euros)
Variation rate
Monthly
Annual
Interannual
accum ulated
29,712
3,737,826
125,802
3.5
2.6
-0.8
7.3
15.1
7.3
15.5
6.9
-7.5
1,605
211,020
131,477
4.8
-33.8
-36.8
2.6
11.9
9.1
3.2
19.6
15.9
28,107
3,526,806
125,478
3.4
6.1
2.6
7.6
15.3
7.2
16.3
6.1
-8.7
19,732
2,050,580
103,922
4.6
8.0
3.2
10.9
15.8
4.4
20.1
24.0
3.3
M – MAY 2015 (1/9)
Mortgages constituted according to the nature of the property
According to the nature of the property, mortgages constituted on dwellings concentrated
54.9% of the total capital loaned in May.
Distribution of the capital loaned for mortgages according to the
nature of the property (%)
70
60
54.9
50
35.1
40
30
20
10
5.7
4.3
0
Dwellings
Lands
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
May and April for the last five years. In 2015, the monthly rate registered an increase of
4.6%, the lowest of the period.
Evolution of the monthly rate of de number of mortgages constituted for the
dwellings (May variation as compared with April of the same year)
25
19.7
21.4
20
14.6
15
10
5.1
4.6
5
0
2011
2012
2013
2014
2015
Regarding the capital loaned for mortgages constituted on dwellings, the monthly rate of
2015 was 8.0%.
Evolution of the monthly rate of the capital lent of mortgages constituted for the
dwellings (May variation as compared with April of the same year)
25
24.0
22.1
20
14.0
15
10
8.0
7.4
5
0
2011
2012
2013
2014
2015
M – MAY 2015 (2/9)
Mortgage interest rates
92.8% of the mortgages constituted in May used a variable interest rate, as compared to
7.2% using a fixed rate. Euribor was the most used reference interest rate in constituting
mortgages with a variable interest rate, specifically in 92.2% of new contracts.
The average interest rate for the total properties was 3.38% and the average term was 21
years.
The average interest rate for mortgages constituted on dwellings was 3.40%, that is, 11.0%
less than that registered in May 2014.
Average interes rate on dwellings
3.49
3.50
3.29
3.35
3.36
3.29
3.40
May-15
3.60
Apr-15
3.59
Mar-15
3.76
Feb-15
3.90
Jan-15
3.88
Dec-14
3.82
Nov-14
3.97
4.00
Oct-14
5.00
3.00
2.00
1.00
Sep-14
Aug-14
Jul-14
Jun-14
May-14
Apr-14
0.00
Mortgages with registration changes
In May, the total number of mortgages with changes in their conditions recorded in the land
registries stood at 15,409, 22.7% less than the figure recorded last year. On dwellings, the
number of mortgages with modified conditions decreased 28.0%.
Considering the type of modification of conditions, in May 12,192 novations (or modifications
produced within the same financial institution) were produced, with a decrease of 22.1%, as
compared to May 2014. The number of transactions that changed institutions (creditor
subrogations) decreased 16.7%, and the number of mortgages that changed the holder of
the mortgaged property (debtor subrogations) decreased by 48.1%.
Mortgages with registration changes. May 2015
Total
Total mortgages with changes
Novations
Subrogations Debtor
Subrogations Creditor
Variation rate
Inter-monthly
15,409
12,192
581
2,636
Interannual
4.4
1.9
0.5
18.7
-22.7
-22.1
-48.1
-16.7
Interannual
accum ulated
-18.4
-18.5
-31.6
-14.7
Mortgages with changes in interest rate conditions
Of the 15,409 mortgages with changes in their conditions recorded in the land registries,
35.4% were due to changes in the interest rates.
M – MAY 2015 (3/9)
After the change in conditions, the percentage of mortgages at a fixed interest rate
decreased from 6.8% to 3.2%, and that of mortgages at a variable interest rate increased
from 92.3% to 96.1%.
Euribor was the rate to which the greatest percentage of mortgages at a variable rate was
referenced, both before (77.1%) and after the change (86.5%).
After the changing of conditions, the average interest rate of loans in mortgages at a fixed
rate increased by 0.07 points, and that of mortgages at a variable rate did so by 1.38 points.
Mortgages with registration changes in interest rates conditions. May 2015
Interest rate modality
Total interest rate changes
Fixed
Variable
-Euribor
Without interest
Before the change in
No. of
Original
mortgages interest rate
structure %
5,462
100.0
370
6.8
5,041
92.3
4,212
77.1
51
0.9
interest rate
Original
average
interest of loan
After the change in interest rate
No. of
Final interest Final average
mortgages rate structure interest of
%
loan
5,462
100.0
4.77
174
3.2
4.84
4.32
5,252
96.1
2.94
4.21
4,727
86.5
2.82
36
0.7
Results by Autonomous Community
The Autonomous Communities with the highest number of mortgages constituted on
dwellings in May were Andalucía (3,717), Comunidad de Madrid (3,378) and Cataluña
(3,085).
The Autonomous Communities that registered the greatest annual variation rates were La
Rioja (43.4%), Comunidad Foral de Navarra (31.8%) and Galicia (26.8%).
The Autonomous Communities with the greatest capital loaned for mortgages constituted on
dwellings were Comunidad de Madrid (496.3 million euros), Cataluña (371.4 million) and
Andalucía (323.4 million).
Mortgages constituted on dwellings by Community. May 2015
Number
Variation rate
Monthly
TOTAL
Andalucía
Aragón
Asturias, Principado de
Balears, Illes
Canarias
Cantabria
Castilla - La Mancha
Castilla y León
Cataluña
Comunitat Valenciana
Extrem adura
Galicia
Madrid, Comunidad de
Murcia, Región de
Navarra, Com unidad Foral de
País Vasco
Rioja, La
19,732
3,717
656
374
542
770
214
869
643
3,085
2,158
352
837
3,378
616
344
962
152
4.6
7.7
23.5
-15.0
-12.3
-0.5
42.7
15.6
5.8
-4.1
13.6
1.7
2.4
6.9
18.5
9.2
-4.4
26.7
Annual
10.9
14.7
6.1
-1.8
-1.3
3.9
3.9
0.2
7.5
8.7
0.9
16.9
26.8
25.6
14.1
31.8
-1.7
43.4
Capital loaned
Variation rate
(thousands of euros) Monthly
Annual
2,050,580
8.0
15.8
323,358
10.2
18.6
63,142
40.3
12.8
29,973
-51.4
-13.8
69,774
-4.1
16.1
65,739
-4.9
25.7
21,325
14.7
3.0
72,773
22.6
0.6
47,814
6.7
9.7
371,434
-1.5
15.5
165,844
17.9
-0.7
23,985
-2.3
17.0
72,908
2.5
30.5
496,303
25.3
26.1
50,998
35.3
28.6
33,411
2.9
38.8
121,146
1.8
5.9
13,046
28.6
55.2
M – MAY 2015 (4/9)
The Autonomous Communities presenting the highest monthly rates in the number of
mortgages constituted on dwellings were Cantabria (42.7%), La Rioja (26.7%) and Aragón
(23.5%).
In turn, the Autonomous Community registering the greatest decrease in the monthly
variation rate were Principado de Asturias (−15.0%), Illes Balears (−12.3%) and País Vasco
(−4.4%).
Monthly variation of the number of mortgages constituted on dwellings.
May 2015
Cantabria
42.7
Rioja, La
26.7
Aragón
23.5
Murcia, Región de
18.5
Castilla y León
15.6
Comunitat Valenciana
13.6
Navarra, Comunidad Foral de
9.2
Andalucía
7.7
Madrid, Comunidad de
6.9
Castilla - La Mancha
5.8
TOTAL
4.6
Galicia
2.4
Extremadura
1.7
Canarias
-0.5
Cataluña
-4.1
País Vasco
-4.4
Balears, Illes
Asturias, Principado de
-12.3
-15.0
M – MAY 2015 (5/9)
Mortgages Statistics
May 2015. 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
29,712
5,259
985
579
885
1,640
412
1,748
1,052
4,394
3,034
738
1,308
4,564
1,011
440
1,340
237
43
43
3,737,826
562,300
103,427
48,045
133,975
172,126
89,508
132,366
102,421
833,150
238,807
65,536
128,053
721,332
80,348
59,136
235,608
20,917
4,595
6,176
Rustic buildings
Number
Capital
1,605
403
114
52
54
42
9
194
148
94
152
113
61
8
119
10
26
5
1
0
211,020
63,292
11,562
4,048
9,928
5,042
704
13,059
18,964
11,825
12,032
13,990
18,669
4,628
12,332
663
9,810
410
62
0
Urban buildings
Number
Capital
28,107
4,856
871
527
831
1,598
403
1,554
904
4,300
2,882
625
1,247
4,556
892
430
1,314
232
42
43
3,526,806
499,008
91,865
43,997
124,047
167,084
88,804
119,307
83,457
821,325
226,775
51,546
109,384
716,704
68,016
58,473
225,798
20,507
4,533
6,176
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
28,107
4,856
871
527
831
1,598
403
1,554
904
4,300
2,882
625
1,247
4,556
892
430
1,314
232
42
43
3,526,806
499,008
91,865
43,997
124,047
167,084
88,804
119,307
83,457
821,325
226,775
51,546
109,384
716,704
68,016
58,473
225,798
20,507
4,533
6,176
Dwellings
Number
19,732
3,717
656
374
542
770
214
869
643
3,085
2,158
352
837
3,378
616
344
962
152
31
32
Capital
2,050,580
323,358
63,142
29,973
69,774
65,739
21,325
72,773
47,814
371,434
165,844
23,985
72,908
496,303
50,998
33,411
121,146
13,046
3,643
3,964
Lots
Number
633
112
12
6
7
49
1
58
26
73
51
155
11
19
18
12
16
7
0
0
Capital
162,197
21,034
11,557
759
728
6,175
45
7,387
1,835
48,697
11,292
10,946
1,356
7,801
1,164
13,367
16,378
1,676
0
0
Other urban land
Number
Capital
7,742
1,027
203
147
282
779
188
627
235
1,142
673
118
399
1,159
258
74
336
73
11
11
1,314,029
154,616
17,166
13,265
53,545
95,170
67,434
39,147
33,808
401,194
49,639
16,615
35,120
212,600
15,854
11,695
88,274
5,785
890
2,212
M - MAY 2015 (6/9)
May 2015. 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
1,605
403
114
52
54
42
9
194
148
94
152
113
61
8
119
10
26
5
1
0
211,020
63,292
11,562
4,048
9,928
5,042
704
13,059
18,964
11,825
12,032
13,990
18,669
4,628
12,332
663
9,810
410
62
0
Banks
Number
945
234
62
33
44
29
9
74
70
57
81
93
57
4
75
1
21
0
1
0
Capital
142,550
42,147
6,663
2,330
8,572
3,255
704
7,228
9,607
5,256
7,340
11,818
17,276
1,318
9,990
73
8,911
0
62
0
Other banks
Number
Capital
660
169
52
19
10
13
0
120
78
37
71
20
4
4
44
9
5
5
0
0
68,470
21,145
4,899
1,718
1,356
1,787
0
5,831
9,357
6,569
4,692
2,172
1,393
3,310
2,342
590
899
410
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
28,107
4,856
871
527
831
1,598
403
1,554
904
4,300
2,882
625
1,247
4,556
892
430
1,314
232
42
43
3,526,806
499,008
91,865
43,997
124,047
167,084
88,804
119,307
83,457
821,325
226,775
51,546
109,384
716,704
68,016
58,473
225,798
20,507
4,533
6,176
Banks
Number
24,433
4,326
722
387
780
1,433
373
1,278
697
3,876
2,429
462
1,184
4,207
726
291
1,006
186
38
32
Capital
3,061,656
452,693
74,210
33,821
115,833
148,575
86,275
97,328
68,959
711,020
183,951
35,402
103,354
655,146
56,502
33,759
180,509
15,621
4,303
4,395
Other banks
Number
Capital
3,674
530
149
140
51
165
30
276
207
424
453
163
63
349
166
139
308
46
4
11
465,150
46,315
17,655
10,176
8,214
18,509
2,529
21,979
14,498
110,305
42,824
16,144
6,030
61,558
11,514
24,714
45,289
4,886
230
1,781
M - MAY 2015 (7/9)
May 2015. 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
39,966
8,551
991
663
1,054
2,303
458
2,079
1,710
5,071
6,218
764
1,588
5,103
1,226
457
1,252
385
42
51
1,566
418
91
25
48
70
15
121
129
75
267
82
67
15
90
11
29
11
1
1
Dwellings
Lots
24,930
5,291
543
390
616
1,192
285
1,227
1,146
3,444
4,039
448
919
3,236
822
299
745
223
20
45
Other urban land
1,354
340
20
7
95
39
10
96
95
185
108
102
23
155
19
24
24
11
0
1
12,116
2,502
337
241
295
1,002
148
635
340
1,367
1,804
132
579
1,697
295
123
454
140
21
4
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
34,429
7,218
827
501
920
2,065
407
1,698
1,533
4,412
5,437
721
1,469
4,483
1,076
338
973
272
33
46
Rustic buildings
Banks
Other
banks
5,537
1,333
164
162
134
238
51
381
177
659
781
43
119
620
150
119
279
113
9
5
1,134
280
76
21
32
57
8
56
101
61
215
70
51
12
61
4
22
5
1
1
Urban buildings
Banks
Other
banks
432
138
15
4
16
13
7
65
28
14
52
12
16
3
29
7
7
6
0
0
33,295
6,938
751
480
888
2,008
399
1,642
1,432
4,351
5,222
651
1,418
4,471
1,015
334
951
267
32
45
Other
banks
5,105
1,195
149
158
118
225
44
316
149
645
729
31
103
617
121
112
272
107
9
5
M - MAY 2015 (8/9)
May 2015. 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
15,409
3,559
392
219
356
1,393
178
768
752
1,836
2,228
126
451
1,838
477
230
422
170
9
5
Type of change
Type of building
Novation
Subrogations Subrogations Rustic
Urban
Debtor
Creditor
buildings buildings
12,192
3,142
305
192
343
320
165
592
650
1,415
1,719
109
404
1,665
428
219
354
161
9
0
For further information see INEbase – www.ine.es/en/
581
117
38
7
2
13
0
34
10
65
189
3
14
21
13
8
43
2
0
2
2,636
300
49
20
11
1,060
13
142
92
356
320
14
33
152
36
3
25
7
0
3
1,061
215
11
49
19
18
3
102
20
25
349
21
25
5
36
1
138
24
0
0
14,348
3,344
381
170
337
1,375
175
666
732
1,811
1,879
105
426
1,833
441
229
284
146
9
5
Dwellings
8,707
2,010
218
103
165
814
117
361
430
1,329
1,199
84
239
1,009
322
45
150
100
7
5
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 – [email protected]
Information Area: Telephone number: 91 583 91 00 – Fax: 91 583 91 58 – www.ine.es/infoine/?L=1
M - MAY 2015 (9/9)