Home mortgages drop 21% in May over 2022

by time news

2023-07-22 08:30:42

At the end of May, as happened in April, the upward trend in the constitution of mortgages that the province of Albacete had been registering continued, with some slight occasional decrease, since the restrictions due to the Covid-19 pandemic ended.

Thus, in the fifth month of 2023, 346 mortgages of all kinds were signed, which is 75 more than the previous month and 24 more than those signed a year earlier, which were 351. The total amount of operations signed in May amounted to 41.5 million euros, an amount that represents an increase of 39.5 over the previous month, when the investment was 29.7 million euros, but instead it fell 13% compared to May 2023. 2022, that the total amount amounted to 48.1%.

Of the total mortgage loans signed, a good part, 192, were for the purchase of a home in the province of Albacete, a figure, however, slightly higher than the 176 loans signed a month earlier, but lower, with a drop of 21%, than the home mortgages signed in May 2022, which were 243.

Likewise, another 29 mortgages were signed in the province on rustic farms, a figure higher than the 22 signed in April and also at May 17, 2022.

investment. In almost the same proportion, the total amount of mortgages on housing subscribed in the Albacete geography fell during the month of May, with a decrease of 20%, with the total investment allocated among citizens who took mortgages of 19.7 million euros, compared to the 24.6 million euros on average a year earlier, in May of last year. As more mortgages are signed for the acquisition of rustic properties, the amount invested is greater in May of this year, with a total of 10.3 million euros allocated for this purpose, almost double the 5.3 million euros in April, and triple the amount allocated in May 2022 to these loans, the amount of which was 2.5 million.

For the purchase of plots, two mortgages were formalized in May in the province of Albacete, the same figure as a year before and last month, although the amount fell to 126,000 euros, a year before the amount lent was 425,000.

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