The number of home mortgages granted to prospective buyers in Spain dropped by 11.4 percent in April when compared with the same month of 2016, according to data published on Thursday by Spain's Statistical Office (INE).
A total of 21,163 home mortgages were granted to prospective buyers in the fourth month of the year, the INE said, reporting that the average value per mortgage stood at 112,834 euros (128,951), rising by 5.4 percent when compared to April 2016.
The amount of capital loaned dropped by 6.6 percent year-on-year to 2.3 billion euros.
The INE also reported that on a month-to-month basis home mortgages fell by 24.7 percent, while the amount of capital loaned dropped by 23.7 percent.
Spain's southern region of Andalusia registered the highest number of home mortgages in April with a total of 4,467, followed by Madrid and Catalonia with 3,732 and 3,345. (1 euro= 1.14 U.S, dollars)
Latest comments