Lending in Spain for purchase of a home
Spanish Banks lent slightly more in October over September. Year to date Mortgages in Spain remain at much lower levels.
Across all areas annual loan levels are decreased. Numbers of new loans. Capital lent and average loan sizes.
Interest rates
Spanish interest rate for non resident applicants average 5.5% for variable. 4% for fixed. The 12 month Euribor remains just above 4%.
Spanish Banks
Spanish lenders may see a net outflow to mortgage books for the year. However foreclosure levels remain low.
Read the full article:- Residential lending in Spain
