This week the National Institute of Statistics (INE) reported that the signing of new mortgages for the purchase of homes in the Canary Islands decreased by 31.8% in June compared to the same month last year with 1,060 mortgages agreed, but in Peninsular Spain this rate increased by 3.9%.
According to this data, this decline in the Canary Islands increased to 46.6% when compared with the previous month, May.
Therefore, in inter-annual terms, the Canary Islands was the autonomous community in which there was the largest decrease in mortgages for the purchase of homes, and ahead of the Balearic Islands (-18.4%), Asturias (-13.2%) and the Basque Country (-9.3%).
In the whole of Spain, the signing of new mortgages for the purchase of a home rose by 3.9% in June with 30,600 mortgages agreed, and 39.2% set with a fixed interest rate.
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