More mortgages agreed in Valencia

MORTGAGE lending has increased in Valencia Region.

According to the latest data released, during November 2014 there were 1,743 mortgage loans issued, an increase of 16.4 per cent on the same period the previous year.

However, despite the regional increase, the figures fell slightly for Alicante province with 634 loans approved, 13 less than November 2013.

The figures are minimal compared to the boom years; in 2006 there were around 16,000 mortgages a month approved in the region.

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