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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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.