March figures
In March data published by the INE saw an increase in numbers of new Spanish loans over the same month of last year and a static level from the month of February.
Capital lent due in increases in average loan sizes was up across the board.
Mortgage product fixed versus variable
Fixed rate popularity continues to grown with fixed rate product types being up 24% over last year as a percentage of all new loans constituted.
The average rate for a variable rate over 24 years was down in the moony and fixed rates slightly up over last year.
Interest rates
After 6 months of small increases the 12 month Euribor for mortgages in Spain revisions and completions dropped slightly in April and anticipation of this may have helped lenders reduce variable rate margins.
Madrid best performer
Madrid completed on the most amount of loans and the Balearics and Murcia saw the highest percentage increases in the month.
Read the full article :- Home loans in Spain for March
