The advance data for November also show a year-on-year advance of more than 20%.
Real estate sales continue to grow strongly. According to provisional data from the College of Registrars, in November home sales have grown by 23.2% compared to 2020 and up to 26.7% compared to November 2019, before the pandemic, after formalizing 46,140 operations.
The rebound has been generalized and all the autonomous communities present rises in real estate transactions, except Navarra. The Balearic Islands stand out for their figures, with an increase of 72.4%, up to 3,333 transactions; Andalucía, with 34.4%, and Cantabria, with 32.4%.
Mortgages are also growing strongly
The number of total mortgages closed November 2021 with 47,449 operations, 23.3% more than in the same month of the previous year. In the case of home mortgages, growth was 23.1%, with 33,926 operations. Compared to 2019, before the pandemic, the rebound amounts to 25.4%.
The College of Registrars states that “the evolution of mortgages continues to show an intense growth trend in November, similar to that shown by purchases and sales”.
However, the Canary Islands were the only ones that suffered a drop in the number of total mortgages, of 17.7%, with 1,359 operations, while the other regions accumulated positive data, such as La Rioja, with 81.3% more mortgages than in November 2020, or the Balearic Islands, with 56.4% more.
In the case of total mortgages, the College of Registrars recalls that “the falls ended in February 2021 and since then strong annual increases have been registered, between 30 and 40%”. But, during the months of October and November, a stabilization of these data was observed.
Finally, the registrars add: “the sustained growth of mortgages stands out throughout the pandemic, regardless of their concession to finance homes or other types of farms.”
