The Spanish National Statistics Institute –INE– reports that the interannual rate of approved mortgages registered a decrease of 6.8% in July 2010, totalling 55,570 deals closed.
The INE also points out that the amount of mortgaged properties increased in 0.8% in July compared to June. This, however, contrasts with a 1.1% decline from May to June. This data coincides with the increase on real estate commercialisation, even with the new VAT, that changed from 7% to 8% in the case of new properties.
The Spanish regions with the highest rate of properties which conditions changed per capita were La Rioja (0.00309) and the Valencia region (0.00181). The regions with the highest amount of mortgages cancelled and reported through the registry were La Rioja (0.00249) and Murcia (0.00172).