Bank lending in Spain shows positive increase

According to El Mundo newspaper this morning bank lending in Spain increased by 2.3% in January.

What is interesting is that the average rate of interest achieved for mortgages signed this year has dropped by 28.02% to 4.05%.

Holy Week Tourism

Another important piece of news in Spain and Portugal is that numbers of hotel bookings is much higher than anticipated. Some areas of Spain are reporting 100% occupation in bookings with Costa del Sol at nearly 80%. The Algarve leads Portugal.

This may be because after the wettest first quarter to the year in decades, the sun has finally returned to southern Europe!