Lending in Spain decreased in the month June
Numbers of new loans were down 21.9% against same month of last year.Year to date the market has decreased significantly. This despite a good start to the year.
Interest rates and economic issues in Europe are having an impact
Spanish Banks are tightening credit. However lenders are more focussed on better rates and conditions for strong applicants.
Bank of Spain
The Bank of Spain last quarterly report indicated a sluggish housing market.
Euribor decreases
The Euribor decreased slightly in September but this is not yet a trend.
Read full article:-Mortgage lending tightens in Spain
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