The annual average interest rate on new residential loans in Spain continued to rise in 2023, after increasing in for the first time in 2022 following a decade long period of year-on-year decrease. In 2023, the average mortgage rate was 3.75 percent, up from 1.49 percent in 2021.
Annual average interest rate on new residential mortgage loans in Spain from 2006 to 2023
Representative interest rates include six main types:
Weighted average interest rate on loans to households for house purchase. Initial fixed period interest rate up to 1 year on loans for house purchase. Initial fixed period interest rate over 1 and up to 5 years on loans for house purchase. Initial fixed period interest rate over 5 and up to 10 years on loans for house purchase. Initial fixed period interest rate of over 10 years on loans for house purchase. Other.
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European Mortgage Federation. (August 22, 2024). Annual average interest rate on new residential mortgage loans in Spain from 2006 to 2023 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/916392/annual-average-interest-rate-on-new-residential-loans-in-spain/
European Mortgage Federation. "Annual average interest rate on new residential mortgage loans in Spain from 2006 to 2023." Chart. August 22, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/916392/annual-average-interest-rate-on-new-residential-loans-in-spain/
European Mortgage Federation. (2024). Annual average interest rate on new residential mortgage loans in Spain from 2006 to 2023. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/916392/annual-average-interest-rate-on-new-residential-loans-in-spain/
European Mortgage Federation. "Annual Average Interest Rate on New Residential Mortgage Loans in Spain from 2006 to 2023." Statista, Statista Inc., 22 Aug 2024, https://www.statista.com/statistics/916392/annual-average-interest-rate-on-new-residential-loans-in-spain/
European Mortgage Federation, Annual average interest rate on new residential mortgage loans in Spain from 2006 to 2023 Statista, https://www.statista.com/statistics/916392/annual-average-interest-rate-on-new-residential-loans-in-spain/ (last visited November 21, 2024)
Annual average interest rate on new residential mortgage loans in Spain from 2006 to 2023 [Graph], European Mortgage Federation, August 22, 2024. [Online]. Available: https://www.statista.com/statistics/916392/annual-average-interest-rate-on-new-residential-loans-in-spain/
