The number of home mortgages constituted was 43,319, 12.4% more than in November 2024. The average amount of these transactions was 170,771 euros, an increase of 11.7%.
The average amount of the mortgages on the total number of properties recorded in the land registries (from previous public deeds) rose by 11.8%.
For home mortgages, the average interest rate was 2.97% and the average term was 25 years. 38.5% of home mortgages were taken out at a variable rate and 61.5% at a fixed rate.
The average starting interest rate was 3.01% for variable rate home mortgages and 2.94% for fixed rate mortgages.
Percentage
The total number of mortgages with changes in their conditions recorded in the land registries declined by 32.8% in November in the annual rate.
Novations (or modifications with the same financial institution) fell by 9.2% subrogations of the debtor (change of mortgagor) increased by 70.0% and subrogations of the creditor (change of lender) fell by 3.4%.
71.1% of the 11,346 mortgages with changes in their terms and conditions were due to changes in the interest rates.
The Autonomous Communities presenting the highest annual variation rates in the number of home mortgages constituted in August were Cantabria (54.3%), Comunitat Valenciana (25.7%) and Andalucía (25.2%).
In turn, the communities with the greatest decreases in their annual rates were Illes Balears (-9.2%), Aragón (-7.3%) and Comunidad de Madrid (-3.3%).
Percentage
The data for 2025 are provisional and will be reviewed when the data for the same period next year are published. All results of this operation are available on INEbase.
The Mortgage Statistics provide information on constitutions of mortgages, that is, on the number of new mortgages constituted on real estate properties during the reference month and the amount of new mortgage loans corresponding to said mortgages. Since 2006, information on mortgage changes and cancellations is published. All this information is broken down on the basis of various variables, such as the nature of the mortgaged property or the lending institution.
All the information on constitutions, changes and register cancellations of mortgages is obtained from the information contained in the Land Registers of the entire national territory, by virtue of a collaboration agreement signed in 2004 between the two institutions. In order to facilitate comparisons, the data for 2003 are presented according to both the old and the new base.
More information in the methodology and the standardized methodological report.
INE statistics are produced in accordance with the Code of Good Practice for European Statistics. For more information see the section on Quality at INE and the Code of Best Practices on the INE website.
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