According to banking regulator data, in April of this year, mortgage renegotiations totaled 382 million euros, a decrease of 81 million euros from March and a reduction of 350 million euros from the same month last year.
Mortgage renegotiations significantly contributed to the decline in overall renegotiation values, which fell by 46.7% year-on-year to 418 million euros. Sequentially, this marked a decrease of 88 million euros.
In total, new loan operations, which include entirely new loans and renegotiated agreements, reached 2.950 million euros, up 1.2% from a year ago, but down 349 million euros compared to March.
Of this amount, 2.532 million euros pertained to new contracts, reflecting an 18.8% annual increase, but a sequential decline of 261 million euros.
Specifically in the housing loan sector, including both new contracts and renegotiations, the contracted value was 1.775 million euros, an increase of 32.8% compared to the same month in 2024, but a decrease of 195 million euros from March.
In April, more than half (58%) of the new home purchase contracts were made by young individuals aged 35 and under, an increase of one percentage point from March.
For consumer loans, the average rate of new consumer operations rose from 8.94% in March to 9.04% in April, while for loans for other purposes, the average interest rate decreased by 0.14 percentage points, to 3.83%.
For companies, new loan operations totaled 1.964 million euros, a decrease of 404 million euros from March but an increase of 31% from a year ago.
“New contracts decreased by 310 million euros, to 1.813 million euros, while renegotiated contracts fell by 94 million euros, to 151 million euros,” explained the BdP.
For companies, the average interest rate on new loan operations decreased by 0.04 percentage points compared to March, to 4.02%, against 5.62% a year earlier.
