The number of mortgages constituted on homes fell by 8.5% in March compared to the same month in 2025 in Canary Islands, standing at 1,408 compared to 1,539 a year ago, according to data published this Wednesday by the National Institute of Statistics (INE).
The archipelago was one of the only five communities where the number of new mortgaged homes decreased from March to March, which, on the contrary, grew in the rest, showing an average increase of 9% in Spain.
The rise was much greater in the communities where the volume of said operations increased the most in relation to March of last year, reaching increases of 60.4% in Navarra, 45.4% in Aragón, and 19.1% in Madrid, according to the latest Mortgage Statistics prepared by the INE.
The largest decreases were recorded in Galicia (-20.7%), Castilla y León (-16.6%), and Basque Country (-12.3%), it details.
In the Canary Islands, the capital subscribed to account for the total mortgages on homes signed in March 2026 amounted to 223.64 million euros, exceeding by more than 30 million the amount lent to account for those constituted a year earlier, which was 190.61 million, despite corresponding to a larger number of operations.
Thus, if a year ago the average capital requested for a mortgage in the archipelago amounted to 123,000 euros, last March it was 158,000, which is equivalent to 28% more than twelve months ago.
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