On average, Spanish households spend 23.58% of their annual income on paying a mortgage or rent. The report, compiled by online property portal Pisos.com, is based on the latest Household Budget Survey carried out by the National Statistics Institute (INE). According to the report, those who rent a property require a larger percentage of their Continue Reading
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Tag Archives: mortgage
Mortgage Approvals Up 14.5% in March
The National Institute of Statistics (INE) have released data detailing new mortgage lending in March 2016 and it shows that there were 14.5% more mortgage approvals than in the same month in 2015. When looking at the total of all mortgages approved, the average amount increased by 1.7% over the same month in 2015, to Continue Reading
Mortgage Approvals Increased in March
Following a great start to the year in terms of the number of property sales, mortgage statistics released today further demonstrate the improvements we are seeing in the Spanish property market. Cinco Dias reported that 46.7% of property purchases in March required external financing, an increase of 61% from the low that was seen in Continue Reading
More Mortgages Written in January
Despite the number of property sales falling slightly at the start of the year, when compared to last year, the number of new mortgages written in Spain increased in January by over 10% with 23,275 new mortgages recorded. Also on the increase is the average amount of the mortgages written which increased by 14.2% compared Continue Reading
