The number of mortgages constituted over homes decreased by 27.6% in May to 25,538, compared to the same month in 2019. However, the average amount rose by 3.2% to 127,145 euros, according to data published on Friday by the National Institute of Statistics (INE).
With the year-on-year decline in May, the signing of home mortgages firm recorded three consecutive months of decreases after a 14.6% reduction in March, when the State of Emergency was declared due to the health crisis, and a 18.4% fall in April. The decline in May represents the largest drop since September 2019.
Read the full article in Spanish.