October new loans in Spain
Whilst the year looks to be fairly awful due to Brexit and COVID Spanish mortgages saw some uplift on September figures.
October 2019 was a very good month due to a number of completions delayed for new regulation so whilst down on 2019 the 2020 figures are not as bad as at first glance.
Spanish Banks increase mortgage book capital
Spanish Banks are seeing net inflows to their mortgage books due to much lower redemptions than normal despite the lower annual number of completions.
Average loan sizes are higher than last year which is helping overall capital lent.
Interest rates
Interest rates remain very low and this would appear to now be the case for the foreseeable future.
Lenders in Spain continue at present to lend although for UK non resident applicants the process has become more difficult.
Read the full article :- October 2020 house loan data in Spain
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