Mortgages in Spain
Loans in Spain registered at land registry are have not as yet been affected by the slowdown in completions due to new legislation changes launched June 16th 2019.
Many completions booked for the end of June rolled to comply with new paperwork requirements into July and possibly August.
INE data
As the INE data is based on registered rather than completed loans it will probably be September when we see August registrations that the affect will be visible.
Interest rates news
With news coming from ECB that interest rates may have to be cut again variable rates have dropped on last year and fixed rate best buys may also see decreases over the next few weeks.
At one point it was thought rates may increase so Span wish Banks adjusted fixed rate offerings but this concern may well now have subsided.
Loans for Rustica property
Loans for Rustica properties have dropped to an all time low as a percentage of total lending outlining the difficulties of obtaining a Spanish Mortgage for property that sits on this type of land classification.
Read the full article :- Registered loan completions Spain
