mortage market


Spain’s mortgage market isn’t falling, it just is repairing

By Carlos Díaz Guell | In 2011, for the first time in recent history, the stock of finance for house purchase recorded a fall. The number of mortgages granted on housing dropped by 33%, that is a quarter of the transactions that were completed in 2006. This correction, which will most probably happen again in 2012, follows the evolution of the real economy. But it also is the result of a process…