MADRID: The number of home mortgages granted to prospective buyers in Spain increased by 20.2 percent in September when compared with the same month of a year earlier, official figures indicated.
According to data published on Thursday by Spain’s National Statistics Institute (INE), a total of 23,828 home mortgages were granted in September, up 23.6 percent from August.
The amount of capital loaned in the ninth month of the year rose by 24.3 percent when compared with a year earlier to 2.619 billion euros (2.779 billion U.S. dollars), 30.3 percent more when compared with a month earlier.
Meanwhile, the average mortgage value stood at 109,926 euros, which meant a 3.4-percent increase in comparison with a year earlier.
The INE also reported that in the first nine months of the year the number of home mortgages increased by 21.6 percent when compared with the same period in 2014, with the amount of capital loaned rising by 25.4 percent year-on-year and the average value of mortgage increasing by 3.2 percent.
Home mortgages have been rising by more than 10 percent for 16 months on a year-on-year basis.
