Mortgage completions for dwellings in Spain saw another decline in September according to the INE who published their monthly report today. September Mortgage Headlines in Spain Overall numbers of new Spanish mortgages for dwellings dropped by a massive 30.9% in comparison to September last year and the amount of capital lent dropped by 34.7%. Year […]
26Nov
20Nov
Bankinter become first Spanish Bank to drop mortgage margins
The Spanish Bank, Bankinter announced this week they are dropping the margins above Euribor for both resident and nonresident Spanish mortgages. This is the first real sign that the Banks are looking to start re-building mortgage books rather than actively seeking to reduce them. Why it is important Banks lend money The last three years […]
28Oct
August 2013 Mortgage completions Spain
The INE monthly mortgage data was released today for August 2013. There was little to cheer about in the statistics where for yet another consecutive month the amount of mortgages in Spain being redeemed outstripped new mortgages constituted. Last week BBVA Spain announced it expected this trend to continue until half way through 2014. The total […]
27Sep
Monthly mortgage statistics Spain July 2013
Mortgage data released in Spain Yesterday saw the monthly release on Spanish Mortgages constituted for the month of July. The report from the INE in Spain outlines how many loans were registered in July versus those cancelled and redeemed along with information on the regional numbers and split of type of lending. Loan levels decrease […]
20Sep
Spain mortgage default ratio
Spanish Banks default ratios Spanish Banks published new default figures this week at close to 12% of their loan book. In Spain defaults have increased over the last few years as the recession bites. Unemployment is at a record high and the last few months have seen an increase in white collar layoffs. The number […]
25Jul
Spanish Mortgage Statistics for May 2013
Yesterday saw the monthly issue of mortgage data from the NIE in Spain.
May 2013 saw another drop in lending in both terms of capital lent and numbers of loans completed where lending related to dwellings. Whilst other loans is showing increases both month on month and year on year mortgages for residential property continues to slide.
26Jun
Spanish Mortgages INE information April 2013
Data out from the INE in Spain today shows yet another month of net outflows in number of mortgages in Spain. Average loan sizes granted in April this year for residential property was 94.023 Euros which is a decrease of 5.8% on April of last year and 2.7% less than March 2013. This trend continues […]
28May
Spanish Mortgages March 2013 data
March mortgage figures in Spain The month of March saw the biggest decrease on number of loans completed between the months of February to the month of March in the last 5 years. Whilst over the last 5 years apart from 2009 the number of mortgages completed decreases February to March the decrease this year […]
17May
Data out today on doubtful loans in Spain show an increase in March over February.
The overall levels are now lower than midway through 2012 but only because a large tranche of properties and their loans were transferred to SAREB in the months of December and again in February 2013. The overall number of doubtful loans totals 163 billion this is 10.47% of the loan books. Whilst the level of […]
07May
Are Spanish Banks lending
Despite some of the difficulties being experienced in Spain and the data constantly hitting the press lending is still possible in Spain. For some Banks the focus is now very much on the nonresident market which is a complete reverse to the situation a few years ago. Whilst once seen as the more risky and […]