mortgages spain

Why have mortgages fallen in Spain?

The new Mortgage Credit Law in large part explains the fall in housing mortgages in Spain. According to official data, the number of mortgages has fallen 29.9% yoy, which contrasts with the 4.9% increase in the first 8 months of the year. Loaned capital has also fallen by a similar amount of 26.4% (+6% in the year).