Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Spanish Mortgage Lending Drops for 21st Straight Month

Spanish residential mortgages fell for the 21st month in January as the euro area’s fourth-largest economy edged toward a recession and banks reined in lending amid a surge in bad loans.

The number of home loans fell 41.3 percent from a year earlier, after a 37.2 percent drop in December, the Madrid-based National Statistics Institute said in an e-mailed statement today. The total amount lent fell 34 percent, it said.

A 23 percent unemployment rate has curbed appetite for loans as Spain’s economy relapsed into a slump stemming from the 2008 collapse of a property boom. Indicators suggest Spain will enter its second recession in two years in this quarter, Deputy Economy Minister Fernando Jimenez Latorre said on Feb. 16.

Lending fell 3.1 percent in January from a year ago as bad loans jumped to their highest level since 1994, at 7.91 percent, the Bank of Spain said on March 20.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.