Spanish Mortgage Activity Continues to Rise

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Spanish mortgage activity and average mortgage loan capital rises for the ninth consecutive month. The number of Spanish residential mortgages constituted during the month of January rose by 6.1%, compared with the same month in 2018, to 19,390, according to provisional data by the Spanish notaries.

Spain’s New Housing Market Grows as Foreign Demand Rises

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New home sales grew significantly in the first 11 months of 2018, accompanied by a rise in the number foreign buyers, government data shows. The Spanish property market continued to grow last year with sales rising by 11% between January and November, compared to 2017, – averaging 43,747 sales per month – according to the… Read more »

The Number of New Spanish Mortgages Rises 6.8%

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Property sales rose 7% in August, accompanied by a 6.8% rise in the number of purchases financed by a mortgage, new government data shows. There were a total of 28,755 new Spanish mortgages constituted during the month of August, representing a rise of 6.8% on the same month the year before.

Construction Sector Recovers as Property Investments Grow

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Residential property investments are set to rise this year in Spain, giving the construction sector a much needed boost. Investment in Spanish residential property is expected to be 8.2% higher this year than in 2016, forecasts the latest report by BBVA Research. BBVA made an upward revision of 1.7% on previous 2017 forecasts. The residential… Read more »

Mortgage Activity in Andalucia Rises by Over 50%

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Andalucia recorded the biggest growth in mortgage activity in August out of all of the Spanish regions, new data shows. Approved mortgage applications totaled 26,583 during the month of August, with 14 out of the 17 Spanish regions showing year-on-year increases, according to data published by the government’s central statistics unit.