Mortgages in Spain remain static
In November mortgages in Spain levels remained very static against October.
Against last year they were 24% so year to date the increase 23.7%.
Average loan sizes were up slightly and Capital lent same as previous month.
Interest rates increase slightly
Interest rates have risen a little since same period of last year but remain very good value in the area of long term fixes.
Long term fixes for non residents provide stability and hedge against foreign exchange decreases.
One lender reduces arrangement fees to 0%
Sabadell Bank has introduced a 0% arrangement fee in an attempt to increase their market share of home loans in Spain.
Spanish Banks saw a net outflow of lending for second month running with more redemptions than new loans. Lenders will be looking for this to reverse again after many months off adding to their loan books.
Read the full article:-Home loans Spain remain static
