Five reasons why it is worth to well prepare your home before selling it

The mortgage market is leaving the crisis behind. And it is that the loan concession for the purchase of a home, the average amount and the average interest rate that mortgages continue to grow.

According to INE data, 29,287 mortgages were signed in July, representing an annual increase of 14.6%. In the cumulative fiscal year (January-July), the rebound is about 10.2%.

Fernando Encinar, head of idealist studies, says that "July data regain strength at the beginning of the year, after a few months of big growth, fixed rates are consolidated around 40% of new loans and strong competition between banks. continues to put pressure on the rates at which loans are granted, marking a historic minimum for fixed rate mortgages and the lowest level for mortgages - more than 10 years of variable mortgages. "

However, the most important data is the new historic minimum that has marked the average mortgage interest rate, and the average amount of mortgage lending remains at the 2008 highs.

In particular, the average interest rate fell for the first time by 2.6% to 2.59%. A year ago, it was 2.76%. Until April 2014, the average rate was not less than 4%. However, these minimums coincide with Euribor's change in trend, which for the first time in four years will make variable rate mortgages more expensive.

Regarding the average amount of loans, the latest data shows that on average, banks have granted 125 120 euros for the purchase of housing, 2.1% more than in July of last year. As in June, volume is at its highest level since December 2008, due to rising housing prices. The average duration is currently 24 years.

On the other hand, fixed rate mortgages remain stable compared to previous months and represent about 38% of transactions.

Results by CCAA

The communities with the largest number of mortgages on housing in July are Madrid (5,713), Andalusia (5,382) and Cataluña (5,120), and also constitute the largest capital. On the other hand, the communities with the highest annual rates of change are Extremadura (38.9%), Comunidad Valenciana and La Rioja (28.1% in both cases).

Compared to June, La Rioja (57.2%), Asturias (11.9%) and the Balearic Islands (11.5%) are the regions where monthly rates of change in mortgage rates on homes are the highest. On the other hand, Extremadura (-25.8%), Aragon (-23.7%) and Navarre (-18.1%) have the most negative monthly rates of change.

(source INE)