The number of mortgages signed in 2021 in the Valencian Community to buy a home grew by 29.63% compared to the previous year, above the national average, and the total amount of these rose by 38.68%, also more than the national average, according to data from the National Institute of Statistics (INE).
In Spain, the number of mortgages signed during the past year to buy a home grew in all the autonomous communities, especially in Cantabria, the southern half of the peninsula and the entire Mediterranean coast except the Balearic Islands, the only territory along with Ceuta where it fell.
The data released this Thursday by the INE reveal that in 2021, 417,501 mortgages were closed in Spain to acquire a home, 23.6% more than in 2020, to reach its highest level in eleven years, although it still barely represents a third part of those signed in 2007, just before the bursting of the real estate bubble.
By communities, mortgages rose above the average compared to 2020 in Cantabria (47.35%), Murcia (37.94%), Castilla-La Mancha (33.78%), Andalusia (31.27%), the Valencian Community (29.63%), Catalonia (27.64%) and Extremadura (27.52%), in addition to Melilla (50.93%), while they fell in the Balearic Islands (-3.97%) and Ceuta ( -13.92%).
The amount of mortgages increased more -above 26.53% on average- in Cantabria (49.92%), Castilla-La Mancha (45.12%), Murcia (40.27%), the Valencian Community (38.68%), Castilla y León (33.76%), Extremadura (33.30%), Madrid (32.77%), Andalusia (31.89%), Galicia (30.74%) and Navarra (27.94%), in addition to Melilla (50.09%), while it was only reduced in Ceuta (-22.70%).
