New Spanish Mortgages
New loans in Spain saw a big increase in September over both same month last year and August this year.
Over last year the number of new Mortgages in Spain increased by 57.78%.
Spanish Banks see increase in mortgage applications
Spanish lenders have seen a marked increase in mortgage applications for the residential housing sector.
Commercial and development lending remains under pressure.
Interest rates low and stable
Interest rates are low and stable. Average home loan rate over a 25 year term was 2.47%. Variable rates were 2.19% with fixed rates 2.65%. Over 70% of all new lending was lent for the purpose of buying a home.
Read the full article :- September 2021 mortgage data Spain
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