Mortgage lending in Spain dropped 24.2% year-on-year to EUR 5.87 billion in August, the National Statistics Institute said Monday. Month-on-month, mortgage lending decreased 13.4%.
In August, the average value of mortgages approved during the month dropped 11.6% annually but was up 0.8% on a monthly basis. Meanwhile, the number of cancellations declined 15.4% from the previous year.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.