Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

Spain June mortgage lending falls 25.9 pct y/y

Source: Reuters - Wed 26th Aug 2009

Spanish mortgage lending dropped 25.9 percent year-on-year in June, slowing from a 33.4 percent fall in May and a record 56.2 percent drop in April.

June mortgage lending dropped to 7.28 billion euros ($10.42 billion) amid soaring unemployment and a housing crash.

The average value of mortgages approved during the month was16.7 percent lower than a year earlier.

Spain's housing market, which fuelled a decade of robust economic growth, has gone into a deep freeze as banks restrict lending.

Comment on this Story

Be the first to comment on this Story !!

Recommended Items