May loans in Spain
Whilst down considerably to 2019 figures Mays mortgage in Spain data was not as bad as could have been expected.
Affect of lockdown
Given the country was in the height of the lockdown during April when Mays registered completions would have taken place it is a little surprising the figures are not worse than Aprils.
Maybe the time between completion and registration is longer than one would expect and Junes figures will be down on May.
Postive net inflow for Spanish lenders
Numbers of new loans whilst reflecting lower activity remained at reasonable levels and given redemptions were again very low this month for the Spanish Lenders the net inflow to the mortgage books was in fact very positive.
Read the full article:- May 2020 Spanish loan figures
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