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The number of Spanish mortgages constituted in January rose to the highest level achieved in eight years, while figures in Madrid was double that of a year ago.

The number of residential mortgage loans taken out across Spain during the first month of the year rose by 22.5% to 36,832, compared with the same month in 2018, according to the government’s central statistics unit. Read more »

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The number of residential properties sold across Spain in January remained almost unchanged compared to the same month last year, thanks to a rise in new home sales.

A total of 42,850 home sales were inscribed in the Land Registry in January, compared with 42,745 the year before, according to the latest figures from the National Statistics Institute (INE).
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Spanish mortgage activity rose in November but the amount of money borrowed on the average residential mortgage dropped, along with the number of housing purchases.

A total of 21,698 mortgages were constituted on residential housing during November, representing a rise of 3.5% from the same period in 2017. Meanwhile, the average loan capital fell by 1.8% to €133,892, the first year-on-year decline in nine months, and property sales fell by 3.6% to 47,254 units. Read more »