April loan statistics
Following on from March when loan levels were below the same month of last year April has continued this trend.
On top of being down on the same month of the previous year by over 20% April also saw a reduction in numbers of Mortgages in Spain , capital lent, and average loan size against March 2017.
Regional variations
All regions in Spain saw a downturn of loan completions against last year and the previous month.
Most regions remain up for the year due to very high levels of completions in January and February but it is concerning we have seen two months of stagnation.
Home loan credit
The percentage of all credit flowing from the lenders into the market for the purpose of buying a home dropped 54.6%. Normally this is above 60% of all credit. This indicates that buyers are holding off in Spain due to a number if factors including Brexit and the concerns over the fragile economy growth in Spain.
Spanish Banks loan books reduce again
After a few months of either net loan book gains April and a negative outflow although not at the same level as we have seen in previous years.
Read the full article:- Mortgages in Spain monthly statistics
No comments:
Post a Comment