Spanish mortgages up 20% on last year

BANKS and mortgage lenders are loosening the purse strings across Spain.

The number of registered home mortgages has risen by more than 20% in the last year.

And it appears to be good news for Andalucia’s property market, with more mortgages listed in the province than anywhere else.

A total of 3,450 new mortgages were registered in Andalucia in April alone. While 3,218 were signed up in Barcelona and 3,159 in Madrid.

In April, the total amount lent to homeowners in Andalucia was €293.5 million.