Mortgages in Spain see downturn in January
New Spanish mortgages saw downturn in January due to to the current situation.
Inability to travel to look at property and concerns over economic impact both had a part to play.
At the upper end of the Market activity seems to be holding up but for the more average priced homes and average mortgage sizes the market is dampened.
Market conditions
Interest rates remain historically low and desire for Spanish Lenders to lend remains high all be it with some caution about risk.
Mortgage applications in process remain at reasonably good levels but the time from application to completion is now very much unknown.
The opening up of the Country during the Summer months and ability for people to travel and feel more comfortable about their personal finances will have a big impact on how the rest of the year pans out.
Read the full article:-Mortgages in Spain Jan 2021
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