House mortgages in Spain Decline hurts Spanish economy

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Published 2009-08-27 02:08:31

Prospective Spanish homeowners are facing increased difficulty in getting house mortgages, figures published here on Wednesday indicate in Spain Decline will hurt Spanish economy |House mortgages in Spain Decline hurts Spanish economy The average bank mortgage in Spain for house-buying has fallen from 141,000 Euros (201,559 U.S. dollars) to 117,000 Euros (167,251 U.S. dollars) from June 2008 to June 2009, a 17 percent drop, according to the date of the Spanish National Institute of...

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(Barcelona Reporter)

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