Spain’s mortgage approval rates at eight year high

LAST UPDATED: 5 Sep, 2014 @ 03:00
0
SHARE
Spain’s mortgage approval rates at eight year high

THE number of mortgages granted in Spain has seen the biggest year-on-year rise for eight years.

More than 17,000 mortgages were approved in June, according to the latest data – a rise of nearly 20% compared to June 2013 – and the average loan amount was up 1.3% to €98,682, according to the National Statistics Institute.

However, the year-on-year rise in June followed two consecutive months of annual falls, of 13.4% in April and 3.4% in May.

The number of loans is also down 14% from January to June 2014, compared to the number for the first six months of 2013, and is the lowest figure since 2003.

Subscribe: Olive Press news to your inbox

BE THE FIRST TO COMMENT...

The Olive Press are not responsible and do not moderate individual comments before they are posted. Anyone who uses racist, sexist, homophobic or xenophobic language or hate speech will be blocked.

HAVE YOUR SAY...