Mortgages in Catalonia grow 51.1% in a year
The annual rate of mortgage borrowing increased substantially in the last 12 months, thanks to increasing confidence in the economy. The average amount borrowed for a mortgage in Catalonia in June was €134,509, according to figures published by the National Institute of Statistics of Spain. This figure is higher than the average Spanish mortgage, which stands at €112,516. In total, the amount borrowed in Catalonia for mortgages in June was €559.7 million, a 72.7% increase in comparison to June 2015 and a 10.8% increase in comparison to May 2016. Up to 4,161 mortgages were sold in Catalonia in the first month of summer.