Mortgages in Spain were still completing at low levels of interest in September. This will not be sustained. It is now a challenge to decide whether to opt for a fixed rate or variable rate product. Fixed rates are less flexible in the future as rates decrease.
Spanish Mortgage market for August 2022
August Spanish mortgage data looked stable. Spanish Interest rates and numbers reflect loans signed in June and July. Large interest rate increases will feed through to completions soon. Best buys for loan types in Spain maybe Mixed rate products in next few months.
Spanish mortgage sizes drop
Loan sizes in Spain drop for July 2022. Spanish Banks tighten underwriting criteria. Madrid sees lower home loans registered. Non resident lending in Spain under pressure.
June 2022 loan completions Spain
Spanish loan completions slowed in June. Below Mays levels. Year on year Mortgages in Spain remains above 2021. Interest rates remained static within the month. A high proportion of lending in Spain was contracted on fixed rate basis.
Spanish lending Data May 2022
In the Month of May the Spanish mortgage market saw an increase in. This was both in numbers of loans and average loan size. May will be the last month with lower interest rates. ECB increased base rate in July and the 12 month Euribor has been steadily rising.
Spanish Mortgages figures for April 2022
Mortgages in Spain saw a drop against March. Whilst loan figures to date are up on last year, month on month there is a slowdown. Interest rates in Spain are rising. UK based Spanish borrowers are diminishing. Economic pressures are affecting the lending market in Spain.
Mortgages in Spain activity for month of March 2022
Mortgage in Spain activity 2022 for year to date increases. Information on interest rates for Spanish loans. Scandinavian and American lending applicants are currently high. Average interest rates in Spain set to rise.
Euribor increases for Mortgages in Spain
Spanish mortgage interest rates set to rise. 12 month Euribor moves into positive territory. Fixed rates for loans in Spain will help stability for borrowers. Spanish Banks start to increase interest rates.
Mortgages in Spain January 2022
Home loans in Spain in January whilst up on December are at a lower percentage than most years. Pressure on borrowing in Spain for non residents from Brexit and war in Ukraine. Interest rates remain low but Spanish Mortgage rates likely to rise due to inflationary pressures. Fixed rate loans increase their market share.
Spanish lending grew in 2021
Spanish lending increases during 2021. Spanish lenders offer wider range of fixed rate products. Number of Mortgages in Spain has grown considerably in last 5 years.