Mortgages in Spain fall to 2013 levels

Spanish mortgages

Alphavalue | The demand for mortgages in Spain fell sharply between October and December 2019, registering its biggest drop since 2013. The worsening of the housing market prospects and, to a lesser extent, regulatory and fiscal changes are among the factors.

This is clear from the survey on bank loans in Spain published yesterday by the Bank of Spain and related to the last quarter of 2019, which also points to lower consumer confidence and increased financing with own funds or other external sources.

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The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.