Spanish Mortgage levels reduce
Like everything else worldwide Mortgages in Spain numbers have taken a tumble in last few weeks.
August 2020 at a glance
First look at initial data for August 2020 does not look too bad but when you look at the steep decrease in 2019, due to new regulation delaying completions, over 2018 the numbers are nearly halved.
Lack not foreign buyers
Tourist regions seem to be worst hit as lack of foreign buyers this year has its impact.
Spanish Banks
Interest rates are stable and variable rates for first time in many months made up a higher percentage of all transactions.
Spanish Banks have seen first net outflow on their mortgage books for many months.
Read the full article :- Spanish Mortgages take a hit August 2020
