Spanish Housing Mortgages Declined 24% in October
This article is for subscribers only.
The number of mortgages issued for Spanish homes in October dropped the most since April 2009 as demand flagged before the expiry of a tax incentive.
The number of home mortgages fell 24 percent from a year earlier, the National Statistics Institute said in a statement today. Asking prices for existing homes in Spain slipped 5.7 percent in 2010, according to separate data published today by Idealista.com, a Spanish property website.