According to knowledge launched yesterday by the National Statistics Institute (Ine), the variety of mortgages taken out on housing fell by 10.3% final January in comparison with the identical month in 2023, to 33,128 loans, with the typical rate of interest hovering to ranges not seen in almost a decade.
Specifically, this reached 3.46%, in contrast with 3.32% in December, thus reaching its highest worth for the reason that finish of 2014, when it stood at 3.50%. With January’s year-on-year decline, the variety of mortgages on housing has now been in adverse territory for twelve months, though January’s decline was much less pronounced than that recorded within the final month of final yr (-17%).
The common quantity of mortgages on dwellings fell by 2.7% year-on-year within the first month of the yr to €138,149, whereas the capital loaned decreased by 12.7% to €4,576.5 million.