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In Spain there is stabilization of the mortgage market

04.04.15
Data in January 2015 show that in Spain 20% increase in the number of mortgage loans, compared with last year. Total for the period under review, was issued 20,913 such loans, representing 16% of the peak performance, recorded in the heyday of the Spanish property market. However, if we compare the data for December 2014, in January of this year, the number of loans for the purchase of property in Spain increased by 31%. This is the most significant growth during the year.
The average amount of a mortgage loan in January 2015 amounted to 105,790 euros, which is 4.3% more than in the previous month and in January 2014. At the same time, it should be noted decrease in the average size of the interest rate that fell over the year by 20.6% and amounted to 3.29%.
According to experts, the mortgage lending sector in Spain has experienced its worst times and in the coming months is expected to continue to increase the number of loans, which will contribute to reduction of restrictions on lending.
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