Spanish Mortgages Rise While Loan Capital Drops

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Spanish mortgage activity rose in November but the amount of money borrowed on the average residential mortgage dropped, along with the number of housing purchases. A total of 21,698 mortgages were constituted on residential housing during November, representing a rise of 3.5% from the same period in 2017. Meanwhile, the average loan capital fell by… Read more »

Spanish Unemployment Figures Drop over 6%

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In 2018, the number of people officially out of work in Spain dropped by 6.17%, from the year before, to reach the lowest rate of unemployment since 2009, according to new data released by the Spanish labour ministry. Since reaching a peak of over 26% in 2013, Spain’s unemployment rate has been steadily falling following… Read more »

A Good Year Ahead for the Spanish Property Market

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Spanish property prices are predicted to grow in 2019 along with the number of property sales. The Spanish property market recovery is set to continue this year, with prices rising between 5% and 7%, forecasts leading property valuation firm Tinsa. The firm already confirmed that nationwide house prices rose by 5.6% year-on-year in November.