October data
Loans in Spain for October saw a drop over the month of September.
This followed normal yearly trends where numbers loans are normally less in this month but there was also a fall in the average loan amount compounding a drop in the capital lent.
Data for the year so October 2017 over 2016 was a much better picture with an increase across the board in terms of numbers of new Spanish loans, capital lent and average loan size.
Fixed rates
Fixed rate product types showed for the first time in a while an increase, whilst the variable rate continued to drop year on year and month on month the fixed rates increased in October. This did not stop 37% of all new transactions being on a fixed rate basis.
Fixed rates for non resident mortgage applicants stayed very stable but the headline rates for residents rose.
Spanish Banks
Spanish Banks saw a month of net outflows after a couple of months of net inflows. As long as this trend does not continue it should not cause too much concern for the lenders.
Read the full article:- October mortgage statistics in Spain
No comments:
Post a Comment