Loans in Spain
Whilst confusion still reigns in terms of what impact new regulation in Spain will have Aprils loan figures for mortgages in Spain showed little growth over last year and last month.
Regional growth stagnates
Many regions saw decreases in terms of numbers of new loans and with little increases in average loan sizes capital lent also fell.
Many of the key regions are struggling although do remain up year on year due to a good first couple of months only Andalucia is well up on last years figures.
Interest rates drop
Fixed rate mortgage product types grew as a percentage of total lending and average fixed rates and variable rates fell within the month and are down on last year.
New regulation and lack of clarity around what must be done and by when has slowed down the mortgage application process and some lenders have removed fixed rate opportunities for certain applicants due to the new requirement to allow currency switching at a later date.
Read the full article : - House lending news Spain
No comments:
Post a Comment