May 2021 Home loan levels Spain

 Mays Spanish Mortgage activity

In the month of May mortgages in Spain saw a big increase in activity in comparison to same month of 2020. Unsurprisingly given last year Spain remained in a hard lockdown.

Over May the number of new loans was up as well but this would be a normal with May normally outperforming April.

Interest rates in Spain

Average interest rates went down in the month possibly due to a higher level of variable rate contracts being signed by those going through the mortgage application process.

Fixed rate products remain however competitive in the longer term so whether this trend continues remains to be seen.

Regional variations

Canary Islands and Balearics Spanish Mortgage levels were out of cinque with the rest of Spain maybe due to their much heavier reliance on non resident Spanish lending

Read the full article:- May 2021 Spanish loan activity

Mortgages in Spain April 2021

 INE releases Mortgage data in Spain

Data released by the INE show that Mortgages in Spain reduced in number over March but increased significantly on same month of last year.

Home loans in Spain 

Lending for buying a house remains at high levels of total credit granted. 

Interest rates are very stable with little change to average granted rates over last few months. 

April 2021 figures may be skewed by an early Easter

Aprils figures could have been affected by an early Easter Break but travel restrictions are playing a part.

Travel restrictions have an impact on mortgage completions

Many UK buyers even those with properties found have been unable to complete.

For the first time in many months the Spanish Banks saw a net outflow to their mortgage books.

Read the full article:- Loans in Spain April 2021