The number of housing loans issued in July, fell at an annual rate 19%.
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Total for July, was granted 59 thousand mortgage loans . total mortgage lending amounted to € 6, 7 billion - about the past recession July reached 34 %. For the first seven months, the number of mortgage loans decreased by 30 %, and in money terms - by 41 % with respect to the same period last year, according to Spanish Property Insight. between fact , the rate of Euribor ( the weighted average interest rate on interbank credits granted to the euro ) for 12 months , which is used in Spain to calculate mortgage rates fell in September to a record low value of 1, 26%. A year earlier, she hesitated at 5 , 5%. experts believe that lower rates will lead to the restoration of mortgage market Lending in Spain.
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