Mortgages in Spain positive for the month
September saw a big increase in Spanish Mortgage completions in Spain.
Why the uplift
With restrictions lifted during the summer months many delayed home purchases and subsequent mortgage signings were pushed through in the month.
Further restrictions may slow market down
New travel restrictions and Brexit are however dampening current activity so whether October figures will remain positive is yet to be seen. Applicants going through the mortgage application process may diminish
Interest rates remain low
With the EU under pressure interest rates remain low and stable which will may encourage activity and as some of the uncertainty around Brexit and COVID starts to dampen the market may as yet see further uplifts in activity.
Read the full article:-September 2020 Home loan data in Spain
