June completions for mortgages in Spain
The month of June showed a small slowdown in year on year growth.
Numbers of new mortgages in Spain was below Mays which is unusual. However over June of the previous year and year to date the numbers remain up.
Spanish Banks see positive increase in loan books
Spanish lenders saw a net inflow to their mortgage books in the Month.
Interest rates in Spain
Interest rates remained stable at an average of 2.47% over a 24 year term. However this is likely to increase for July completions. Fixed rates made up the key product type. Over 70% of all new loans in Spain completed on a fixed rate basis.
Mortgages in Spain for non residents
Non resident applications remain subdued due to economic issues and Brexit fallout. This is unlikely to change as the year progresses.
Read the full article:-Mortgage completions in Spain
