Mortgage business continues to fall by 21% and 11% respectively in the Basque Country and Navarra

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According to data from the National Institute of Statistics, in June 1887 mortgages were formalized in Bizkaia, Gipuzkoa and Álava, while 406 mortgage contracts were registered in Navarre.

The signing of new residential mortgages in the Basque Country fell by 21.8% in June compared to the same month last year, although it recovered from May when the decline reached 26.9%. In Navarra, it is down 11% when compared to the data from a year ago.

According to data released Thursday by the National Institute of Statistics (INE), formalized in June in Bizkaia, Gipuzkoa and Alava In 1887, mortgages on houses and borrowed capital amounted to 324.8 million euros, bringing the average mortgage to more than 172,000 euros. This data represents an increase of 8.1% compared to May.

In the Foral community 406 mortgage contracts were concluded on homes and the loan capital amounted to 51.412 million euros. These data represent 8.1% compared to the previous month.

In the state as a whole, 33,478 loans were signed in the month of June, representing a 21.9% year-on-year decline.

(We are working to expand the information)

Source: EITB

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