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Sancho Panza

Spain:number Of Mortgages For Home Purchase In June Fell 42.2% Yoy

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Mish Shedlock 28/8/13

'Here are some highlights from a translation of the La Vanguardia article Mortgages plummet 42.2% in June

The number of mortgages for home purchase in June fell 42.2% compared to June of 2012

Mortgages declined every month for 38 months. June signed just 14,053 home mortgages, the lowest monthly figure of the last ten years.

The six-month total from January to June 2013 was 115,895 signed mortgages. That is less than the one-month total for May of 2007 which had 118,669 signed mortgages.

The average value of mortgages dropped, down 9% from a year ago to 97,495 euros.

This was the worst half-year since the data series for this indicator began, in 2003.'

Students of price and volume,keep your eyes shut.

Edited by Sancho Panza

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