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Residential Mortgages Rose by 9.3% in November 2022

With the final month's figures yet to be published for 2022, the mortgage results have already exceeded the historical peak recorded in 2021 when 418,000 mortgages were signed.

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In total, 39,304 residential mortgages were registered in the property registers in November 2022, up by 9.3% compared to the same month a year earlier. In addition, the average amount loaned was 147,673 euros, which represents an annual increase of 5.8%, as reported by the National Institute of Statistics (INE) on Wednesday.

In total, the value of the mortgages constituted over homes amounted to 5.8 billion euros, 15.6% more than in November 2021.

Read the full article in Spanish.


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