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Residential Mortgages Rose by 10.9% in 2022 to Record Their Best Year Since 2010

More than 463,600 mortgages were signed in 2022, exceeding the historical data recorded in 2021 to register the best year in the market since 2010.

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In 2022, 463,614 residential mortgages were registered in the property records, 10.9% more than in 2021. In addition, the average amount loaned was 145,510 euros, which represents an interannual increase of 5.8%, as reported by Spain’s National Institute of Statistics on Thursday.

In total, the value of mortgages constituted over homes reached 67.5 billion euros in 2022, up by 17.3% YoY.

Read the full article in Spanish.

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