For all of those who are waiting for a "recovery" in Spain the 8.5% increase in February of mortgages granted in the country is certainly a good sign. This marks the second consecutive month with positive interannual figures.
According to Spain's National Institude of Statistics 54,813 mortgages were granted in February. This is 6.2% above January which had already been hailed as a good sign with an interannual increase of 2.3%.
For people wishing to obtain a mortgage on their Spanish property, or for people wishing to sell on property, this is clearly good news. "We have clients who have property in Nagueles, in Marbella," explains Helen Smith, from Compass Amazing Resorts, and they have been able to sell because the family wishing to buy their home obtained a mortgage in only three weeks.".
The Minister of Housing for Spain, Beatriz Corredor, has also pointed out that these figures are a clear indication that the Spanish banks and building societies are making access to finance "more agile" than before. It is interesting to note that November 2009 ended 28 months of negative tendency in finance for homes and housing in Spain, although December then returned to a negative year on year percentage.
At Compass Amazing Resorts we are delighted to see that Spain, although it has been downgraded again last week by S&P, is starting to get some positive figures on the board. More than 800 Britons have purchased property in different parts of Spain such as the Costa Blanca, Costa del Sol and even more out of the way places such as Galicia and Asturias. "The British love affair with Spain goes back decades and won't be kept back for long, even in the face of financial turmoil", adds Helen.
No comments:
Post a Comment