HOUSING

Mortgages to buy homes in the Balearic Islands increased by 9.2 % in 2024

This figure is below the 11.2% increase in Spain, according to data published on Wednesday by the National Statistics Institute (INE).
(Foto: Oleksandr P en Pexels)

The mortgages constituted in the Balearic Islands to acquire a home increased by 9.2% over the year 2023, below the increase in Spain of 11.2%, according to data published Wednesday by the National Statistics Institute ( INE ). National Institute of Statistics (INE).

In the country as a whole, 423,761 mortgages were signed last year to buy homes and their average amount increased by 2.7% to 145,673 euros, with the capital loaned growing by 14.2% to 61,730.5 million.

In December, mortgages on homes increased by 30% over the same month in 2023 and reached 32,249, their lowest figure since last August, with an average transaction amount of 152,337 euros, 8.3% more than in December of the previous year, and the average interest rate on new mortgages stood at 3.25%.

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Automatic Translation Notice: This text has been automatically translated from Spanish. It may contain inaccuracies or misinterpretations. We appreciate your understanding and invite you to consult the original version for greater accuracy.

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