The golden visa scheme in Spain is due to be withdrawn. Will this affect the Spanish mortgage market and sales. Mortgages in Spain fall in first month of 2023 against previous year. The 12 month Euribor has increased for home loans in Spain. Average interest rates remain stable in Spain.
Category Archives: Mortgage services
Spanish lending Dec 2023 and YTD
Spanish lending Dec 2023 and YTD. Mortgages in Spain. saw a year of decreases. Due to high interest rates and economic instability. Published data however shows that the numbers are up on pre covid levels. Spanish mortgage activity in the year saw decreases less than the increases of 2022 and 2021. Fixed rate popularity is diminshing slightly. However still remains the favoured choice of borrowers in Spain.
November 2023 Spanish mortgage figures
November 2023 Spanish mortgage figures improved over August. Interest rates have dropped slightly in Spain. Spanish lenders tighten criteria. Lending in Spain annually is well below 2022 levels.
Residential lending in Spain 2023
Spanish residential home loans for residents and non residents remains at lower levels than 2022. Interest rates for a mortgage in Spain are stabilising. Fixed rates remain at competitive levels. Residential lending makes up 70% of all new credit in October. Loan sizes and capital lent fall year on year.
Mortgage completions Spain 2024
Mortgage completions Spain are behind last year by a significant amount. This is due to a number of factors. Lack of buyers. World economic factors. Visa requirements for UK nationals. France and Spain considering making Visa requirements easier and for longer. Interest rates Spain looking to fall in 2024.
Downward trend for Spanish mortgages
Economic pressures are affecting Spanish lending. High interest rates for variable products make decisions on borrowing types difficult to make. Should a borrower select long term fixed rates. Variable trackers or mixed rate products.
Spanish loan levels drop July 2023
Spanish mortgage lending dips in July 2023. Higher interest rates in Spain have an impact on home loans completed. Spanish Banks look to negotiate on terms and conditions. Variable, fixed and mixed rate options are available.
Mortgage Lending tightens in Spain
Lending in Spain dropped in June. Spanish Banks are adapting margins above Euribor to encourage borrowing. However lending criteria continue to tighten. The 12 month Euribor remains high but dropped in September. Due to the base rate possibly increasing this may change next month.
Spanish mortgage lenders
May 2023 Mortgage completions in Spain Spanish mortgage lenders saw Mays mortgage completion levels Spain upturn over April. The month on month increase was lower than that of last year. The average loan size increased significantly for the month. The average Spanish mortgage was € 141.8k. In comparison to 136.9k the previous month. However this […]
April 2023 Mortgage figures Spain
Mortgages in Spain new completions decreasing. Interest rates for borrowing in Spain continue to climb. Fixed rate product types still below 5%. Spanish Banks experience 2 months of net outflows to their loan books.