Spanish Mortgage Approvals - a report
Mortgage approvals in Spain averaged 49685.82 units from 2003 to 2022, and rose to 36,721 in August from 35,918 in July 2022.
Spanish Mortgage Approvals
Mortgage approvals in Spain rose to 36,721 in August from 35,918 in July 2022. Mortgage approvals in Spain averaged 49685.82 units from 2003 to 2022, reaching an all-time high of 129128.00 units in September 2005 and an all-time low of 12146.00 units in August 2013. This page provides - Mortgage Approvals in Spain - Actual Values, Historical Data, Forecasts, Charts, Statistics, Economic Calendar and News.
| Related | Last | Previous | Unit | Reference |
|---|---|---|---|---|
| Existing Home Sales | 47.28 | 47.21 | Thousand | Sep 2022 |
| New Home Sales | 10.05 | 10.12 | Thousand units | Sep 2022 |
| Mortgage Approvals | 36721.00 | 35918.00 | Units | Aug 2022 |
Mortgage approvals in Spain are projected at 28,700.00 units by the end of the quarter, according to Trading Economics’ global macro model and analyst forecasts. Mortgage approvals in Spain are projected to increase by 30,400.00 units in 2023 in the long run, according to our econometric modelling.
The mortgage rate in Spain has been decreasing since 2013 and in 2021 it reached a high level of 1.38%. Loans with terms of five to ten years are generally priced at 3.13% in 2021. The threat of inflation may mean that mortgage rates will rise in the future: between February 2021 and February 2022, the five-year to ten-year interest rate fell from 3.82 to 4.14 %.