Spain’s housing mortgages increased in January, the statistical office INE reported Wednesday.

The number of housing mortgages climbed 10.6 percent year-on-year in January. At the same time, the average value gained 0.2 percent.

Mortgages on homes accounted for 55.3 percent of the total borrowed capital in January.

On a monthly basis, the number of mortgaged properties surges 20.2 percent.

The material has been provided by InstaForex Company – www.instaforex.com