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Spain's home mortgages rise by 32.2 pct in Nov.2016

Xinhua, January 28, 2017 Adjust font size:

The number of home mortgages granted to prospective buyers in Spain rose by 32.2 percent in November 2016, when compared with the same month of 2015, according to data published on Friday by Spain's Statistical Office (INE).

A total of 25,413 home mortgages were granted to prospective buyers in November of 2016, the INE said, reporting that the average value per mortgage stood at 109,785 euros (117,548 U.S. dollars), 1.8 percent more than in November, 2015.

The amount of capital loaned increased by 34.5 percent to 2.8 billion euros.

The INE also reported that on a month-to-month basis, home mortgages increased by 12.5 percent, with the amount of capital loaned rising by 12.3 percent from October to November.

Spain's southern region of Andalusia registered the highest number of home mortgages in November with a total of 4,760, followed by central region Madrid and northeastern region Catalonia with 4,636 and 3,562 respectively.

Spain's home mortgages have been rising for four consecutive months in a row year-on-year, after having risen by 6.4 percent in August, by 10 percent in September and by 16.8 percent in October. (1 euro=1.07 U.S. dollars) Endit