The mortgage market in Spain has recovered

According to data published by the National Institute of Statistics, the number of mortgages granted in Spain increased in July 2014 by 28.8% compared to July 2013 and by 19% in comparison with June 2013, reaching 18 107. This was reported by Kyero. com . According to experts, due to the improvement in mortgage lending and competitive market recovery between banks for customers. The average cost of credit decreased by 0.3% in comparison with 2013 year, while the total loan capital rose in July by 28.5% compared to 2013 year, reaching EUR 1.8 billion. The greatest number of mortgage loans among the country's regions have been issued in Andalusia (3324), Madrid (3247) and Catalonia (2878). The average interest rate nationwide was 3.9% in July, based on the period of 21 years. In July 2013 the figure was 4.23%. HomesOverseas.ru