Property for Sale in Dona Pepa Quesada Spain
The mortgage firm grows 20% in the Valencian Community in a year
The average amount of a mortgage for the purchase of housing in Spain was in June of 116,629 euros, which is an increase of 4.4% in annual rate.
The signing of new mortgages for the purchase of housing amounted to 3,101 in the Valencian Community in the month of June, which supposes a 20% with regard to the same month of the previous year. The capital loaned in this autonomy reached 254.8 million euros, 26.6% more than a year ago, according to data published Thursday by the National Statistics Institute of Spain (INE)
In absolute numbers, the communities with the highest number of home mortgages in June are, once again, the most populated: Andalusia (5,805), Community of Madrid (5,663), Catalonia (4,557) and Comunitat Valenciana (3,101).
Majority of variable rate mortgages.
The average interest rate on home mortgage loans reached 2.79% last June, 12.8% lower than in the same month of 2016, with an average term of 23 years. 62.2% of home mortgages were made at a variable rate, in contrast to the fixed rate of 37.8%. In C. Valenciana, the percentage of mortgages fixed rate rises to 46%.
Petra Hönig, villas for sale in Ciudad Quesada, Spain.
Take a few moments to browse through our unique catalogue of properties, where you will find the latest and finest selection of properties in and around Quesada, Villamartin, Orihuela Costa and Guardamar.
Our experienced multi-lingual staff based in our Quesada head office and Villamartin offices on the Costa Blanca will be able to help you with every aspect of your Spanish property purchase.
In Petra Honig, from your first contact with us we will endeavour to identify your requirements and provide you with relevant options that fall within your budget and will help you find the best value for your money that is currently available when buying a Spanish property. We specialise in both Resale and Brand new homes, to suit all budgets, both on the coast of the Costa Blanca and further in land.