Economics
Spain's Vibrant Home Market Shows Signs of Cooling in Loans
- Government plans mechanism for rental price caps, Pais reports
- New loans on houses rose 10.3%, the lowest pace in four years
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Spain’s vibrant property market just showed another small signal of slowing.
While the number of new mortgages on houses reached a seven-year high in 2018, the annual growth slowed, according to data released Wednesday by the Spanish National Statistics Institute. The 42.7 billion euros ($48.6 billion) lent represented a double-digit jump from 2017, yet the increase eased from the previous year’s.