March 2022 loan data Spain
March saw an increase in completed mortgages for Spain.
Whilst the last couple of months have seen general decreased activity levels for borrowing some nationalities are on the increase.
Spanish non resident loans
Finnish, Swedish and US mortgage applicants are rising in particular.
Non residents from UK looking for a Spanish Mortgage remain very low. This may be due to poor economic outlook in Britain. Also a general nervousness about food shortages, dropping house prices and inflation.
Interest rates
Interest rate averages remain relatively stable but many Spanish Banks are talking about rate rises.
12 month Euribor is due out in next couple of days and may increase again.
Over 70% of all new credit flowing into the Spanish market are for home loans. Construction and business loans remain depressed.
Read the full article:- Mortgages in Spain activity for month of March
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