According to data from the National Statistics Institute (INE), the number of mortgages taken out on homes increased by 32.1% in April at a year-on-year rate, to 31,909. Of this figure, 58.5% were taken out at a fixed rate, representing an all-time high. However, it should be noted the comparison is based on a month which last year was affected by the state of alarm, with non-essential activity suspended. For…

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).