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​Fewer Mortgages to Buy Homes Granted in June in the Canary Islands Canary Islands Report | Canary Islands Report

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​Fewer Mortgages to Buy Homes Granted in June in the Canary Islands

Fewer Mortgages to Buy Homes Granted in June in the Canary Islands

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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