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
No comments:
Post a Comment