Number of new mortgages being signed shoots up
Thursday, November 27, 2014 @ 10:06 AM
The number of new mortgages signed in September this year reached 19,323, a 29% increase on the same month in 2013.
According to figures published today by the National Institute of Statistics, the September figures confirm a tendency that began in June 2014, with two-figure year-on-year increases being posted every month for the past four months.
June 2014 saw an almost 19% rise in the number of new mortgages being signed compared with the previous year. This was followed by a 28.8% year-on-year increase in July, and a 24% rise in August.
The average value of the mortgages being signed in September was 107,850€, a 10.6% increase on the same month in 2013, whilst the total capital loan increased by 43.5% compared with the previous year, topping the two billion euro mark.
Read more at thinkSPAIN.com