Spanish mortgage approvals 'rise again'
Wednesday April 29th , 2009
The number of mortgages approved on Spanish properties increased in February for the third consecutive month, new figures reveal.
Official statistics from the Spanish government show that the year-on-year decline in mortgage activity also slowed, falling from 37 per cent to 28 per cent.
The news has been welcomed by the Royal Institution of Chartered Surveyors (Rics).
However, the group also suggests that it is still too early to forecast whether a major recovery is taking place in the Spain property market.
Rics commented that it believes that mortgage demand "will remain under pressure" but that the mortgage figures do provide "better news".
Additionally, the institution claims the recovery process still has further to run and may not fully arrive until the middle of next year.
The Spain property figures follow news that the slump in the British housing sector may also be slowing.
Search our properties:
MASA International awarded "Best Estate Agency in Spain"
International Property Awards in association with Google and Bloomberg Television have awarded MASA Internaitonal the Best Estate Agency in Spain award.
You have not saved any properties yet. Search our properties and click the save button on those that you like. They will then appear here!
You have not viewed any properties yet. We have picked some for you!
Receive exclusive Spanish Property Offers in our newsletter and the FREE Guide to Buying a Home in Spain
No thanks, I am not interested
This free guide will take you step by step through the process of researching and buying a Spanish property.
Our weekly newsletter will keep you up to date with the latest property news, area features, exclusive discounts and offers.
Learn how to buy safely and save money
