Spain Real Time Data Charts

Edward Hugh is only able to update this blog from time to time, but he does run a lively Twitter account with plenty of Spain related comment. He also maintains a collection of constantly updated Spain charts with short updates on a Storify dedicated page Spain's Economic Recovery - Glass Half Full or Glass Half Empty?

Thursday, March 27, 2008

Spain New Morgtgages January 2008

According to the latest data from the Spanish Statistics Institute (INE), the average value of the mortgages signed in January decreased by a 1.9% year on year rate and reached 163,448 euros.

The value of mortgages creeated on urban buildings was over 21,357 million euros in January 2008, a year on year decrease of 25.7%. In the housing sector alone, capital loaned exceeded 13,395 million euros, 28.0% less than in January 2007.

There were a total of 138,527 new mortgages created in January 2007, a decrease of 23.59% year on year over January 2007.

On the other hand the number of morgages being modified for purposes of refinance jumped by 24.2 percent year on year.

98.3% of the mortgages created in January had a variable interest rate. Within the variable rate mortgages, Euribor was by far the most widely used reference interest
rate, being used in 87.6% of new contracts.

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