Jan 252012
Latest figures show a sharp decline in mortgage lending in the Canary Islands during November last year, with lending down by 40.9 per cent compared to 2010.
Similar falls in mortgage lending were seen across Spain with average lending falling by 35.8 per cent, placing the islands well above the national average.
According to the data from the National Statistics Institute, just 694 mortgages were granted in the Canaries in November compared to 1,694 the previous year.
By province Las Palmas Gran Canaria fared rather better with mortgages down by 33 per cent, compared to Santa Cruz de Tenerife where they fell by just short of 50 per cent.
ACASA are actively looking for volunteers to help publicise the vital work done by our caseworkers.
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