Lending in Spain increases

Spanish mortgage lending

Lending in Spain increased in November over both the previous year and the previous month.

The average loan size dropped month on month but higher volumes up over 32% meant capital lent was higher.

Lending activity

Activity for the year in most regions has increased in 2016 over 2015 and this should remain the case as the year end reporting comes in next month.

Interest rates

Fixed rates have been the main story of the year and the percentage of loans that completed with this mortgage product type hit 31.8% of all lending in November.

Average interest rates rose but very slightly and have been stable all year.

Challenges for the Spanish lenders

Spanish Banks will pleased with the increase in  volume although it will fall behind their target levels. The biggest pressure for the lenders has been that numbers of loans cancelling within year have continued to outstrip new loans constituted.

Read the full article:- Loans in Spain increase year on year