Little land appears to have been lost as Costa Cálida real estate sector emerges from Covid
After the crisis induced by the pandemic, it appears that the real estate market in Spain in general, and in the region of Murcia in particular, is already emerging from the crisis and is returning to health much faster than it could have been. To predict it, and the figures released Thursday, by the central statistics unit of the national government, mortgage lending activity on the Costa Cálida peaked for 10 years in March 2021.
The total of 1,088 mortgages on residential properties during the month represented an increase of 42.4% from March 2020, and was the highest since September 2011. With a total of over € 91 million in loan capital involved, the average loan amounted to 83,778 euros.
Lending success during the month was such that in the first quarter of the year there were a total of 2,787 new mortgages registered, more than during the same period in 2020 despite the first coronavirus foreclosure that did not occur. started as 14.e March 2020.
At the same time, the cumulative 12-month total now stands at almost 96% of the level reached in March 2020, indicating that despite the effects of Covid, little ground has been lost.
In Spain as a whole, the monthly total of 36,886 loans was the highest since January 2020 and the fourth in the past decade, as the proportion of borrowers opting for fixed rate terms rose to 56 , 2%, the highest ever.