Mortgages Grew by 16% in February and the Capital Loaned Soared by 65%

29 April 2020 – Brainsre.news

In February, 36,050 mortgages were constituted on homes, up by 16.1% compared to the same month in 2019, according to INE. The volume of capital loaned soared by 64.8% in inter-annual terms, albeit pre-coronavirus.

In February, 36,050 mortgages were constituted on homes, as recorded in the property registers, up by 16.1% compared to the same month in 2019, according to the National Institute of Statistics (INE). Meanwhile, the capital loaned soared by 64.8% in inter-annual terms, albeit pre-coronavirus.

With this data, the signing of home mortgages has registered three consecutive months of increases after rising by 43% in December and by 6.1% in January.

Original Story: Brainsre.news

Translation/Summary: Carmel Drake

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