Signing mortgages on housing has taken a small step back. During the month of February the mortgage concession has fallen by 2,7% with respect to the same month of the previous year. On the contrary, the average amount has gone up. These data from the National Institute of Statistics (INE) end six consecutive months of increases. Interestingly, this coincides with the opening of the mortgage tap by the bank with a more attractive offer And, in addition, there is a lot of interested demand, given that the number of home purchase transactions is increasing.
Is it an isolated descent? Is it a halt on the road to recovering the number of mortgages? Or do we talk about a change of trend?
To LUis Corral, CEO of Foro Consultores, It is a punctual data for a simple reason. "The Real estate business in second hand and, especially, in new construction "goes at a locomotive rhythm, which will inevitably generate mortgage activity". He considers that the demand will continue to have a positive evolution.
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