Spain February mortgage lending fell sharply
Beijing April 24 afternoon, the Spanish National Bureau of Statistics data released Tuesday showed the country's mortgage lending in February of this year substantially reduced. From the annual rate, Spain February mortgage number fell 47.1% 54.8% decline in mortgage amount. In addition, Spain in February of total lending an annual rate of decline of about 50%.
From monthly rate, Spain in February mortgage number fell by 9.4%, the mortgage amount fell by 15.4%, total lending fell 15.4 percent. By the 2008 real estate market collapse, the Spanish economy is in a depressed state.
Person in charge of the KnightCapitalEurope company Smith (IoanSmith,) said in a report to investors, as housing prices fell 20% in Spain and real estate and construction issues related to the number of loans of 80 billion euros. If home prices fell 35%, then the loan situation will be worse
From monthly rate, Spain in February mortgage number fell by 9.4%, the mortgage amount fell by 15.4%, total lending fell 15.4 percent. By the 2008 real estate market collapse, the Spanish economy is in a depressed state.
Person in charge of the KnightCapitalEurope company Smith (IoanSmith,) said in a report to investors, as housing prices fell 20% in Spain and real estate and construction issues related to the number of loans of 80 billion euros. If home prices fell 35%, then the loan situation will be worse
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