The implicit interest rate for all housing loan agreements increased from 1.017% in November to 1.019% in December. The average of mortgage owed capital increased €44 from the previous month, reaching €51,690. The average value of loan repayment was 239 Euros, the same as in the previous month.
For 2017, the average annual interest rate for total mortgage loans was 1.120%, down by 7.9 basis points from the previous year. The average mortgage owed capital diminished €224 in 2017 to €51,572, when compared to 2016, while the average value of loans repayments stood at €238.