Home mortgage signings in the Community of Madrid fell by 5.8% year-on-year in August, with 4,236 transactions. In Spain as a whole, it rose by 2.3%.
According to Noticias para Municipios, home mortgage signings in the Community of Madrid fell by 5.8% year-on-year in August, down to 4,236 transactions. The data comes from the National Institute of Statistics, which also reports a monthly decline of 24.7% compared to July.
In contrast, in Spain as a whole, home mortgage signings rose by 2.3% year-on-year. Madrid thus records two months of declines, both year-on-year and month-on-month.
The capital lent for housing amounted to 1,164.2 million euros, 3.7% less than a year ago and 30.1% less than in July.
If all types of properties are counted, the region registered 5,137 mortgages for 1,666.7 million euros. Of these, 4,236 were for homes, 40 for land, and 857 for other properties.
Conversely, Madrid recorded 5,460 cancelled mortgage loans in the same month, more than new mortgages. Of these, 4,466 corresponded to homes.
Among the regions, Madrid is among those that fell the most. The largest declines were in La Rioja (27.7%) and Balearic Islands (21.8%), while the largest increases were in Extremadura (41.8%), Navarre (23.2%), and the Valencian Community (11.8%).
At the national level, 33,841 mortgages on homes were signed in August, the highest figure for that month since 2022. The average interest rate was 3.08%, the highest level since January 2025, and the average term of new loans was 26 years.
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