Canary islands

The quantity of new mortgage loans in Spain continues grow.

The quantity of new mortgage loans in Spain continues grow.The quantity of new mortgage loans in Spain continues grow. Bank financing of acquisition of real estate in Spain shows growth within the last three months. The quantity of the given-out mortgage loans on housing purchase in Spain grew in August by 23,8 %. According to data of National institute of statistics (INE) in August 15.040 credits were given out.

This positive growth proves to be true also high extent of return of the credits that is the key moment for restoration of the Spanish market of real estate.

With positive August data, growth of quantity of the credits is estimated in two-place numbers throughout all summer. So, the quantity of credit real estate grew by 19 % in June and for 28,8 % in July.

Average cost of mortgage loans reached in August of 102.430 euros that for 5,8 % more than in the same month 2013. At the same time, the general extra capital increased by 31 % in annual calculation, and made to 1,54 billion euro.